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Management · Q189

Managerial Economics

Graduate and Post Graduate · Management · question 189

Q189

Marginal product is

A.
What is left to the entrepreneur after he has paid all his expenses
B.
The extra output obtained from employing an additional unit of a factor
Answer
C.
What is produced when all factors of production are employed at optimum efficiency
D.
Annual output of the most efficient firm in the industry

Answer: Option B

Solution

Answer: Option B
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