Multiple choice

______ is/are the change(s) in total production per unit of change in quantity of variable factor.

  1. TP

  2. MP

  3. AP

  4. All of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Marginal production is the increase in total production per unit of change in quantity of variable factor. Total production is the change in overall production due to change in quantity of variable factors. Average production is per unit quantity of production.

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