1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Assoli18 [71]
3 years ago
8

The marginal product of an input is the addition to total output due to the addition of the last unit of an input, holding all o

ther inputs constant. the addition to total output due to the addition of one unit of all other inputs. total product divided by the amount of the input used to produce this amount of output. the addition to total output that adds nothing to profit. the addition to total output that adds nothing to total revenue.
Business
1 answer:
Harman [31]3 years ago
6 0

Answer:

is the addition to total output due to the addition of the last unit of an input, holding all other inputs constant.

Explanation:

The marginal product of an input is the change in total output as a result of the change in output by 1 unit

For example, the table below is the total product of labour

amount of labour output

1                                 10

2                                20

3                                40

the marginal product of the 3rd worker = (40 - 20) / (3 - 2) = 20

marginal product of the second worker = (20 - 10) / (2 -1 ) = 10

Average output = total output / labour

You might be interested in
Logan Nettles approached Kevin Lang about becoming a partner in a firm that destroys environmental waste. While Logan would like
Stells [14]

Answer:

<em>c. limited partner.</em>

Explanation:

<em>In the presented scenario, Logan Nettles should become a</em> <u>limited partner</u>.

Limited partner is the partnership in which one  limited partner is been required compulsory. This is slightly different from general partnership. In this profit of the business is limited and the debt and dis-advantage on the amount of investment is also limited.

So we can see that Logan is also concerned about his disadvantage which is known as liability.

5 0
3 years ago
Tax incidence is the A. burden sellers have to absorb from a tax on goods and services. B. deadweight loss created by a tax. C.
dybincka [34]

Answer:

E. Division of the burden of a tax between the buyer and the seller

Explanation:

Tax incidence is an economic term for the division of a tax burden between buyers and sellers. Tax incidence is related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers. If demand is more elastic than supply, producers will bear the cost of the tax.

3 0
3 years ago
Campaigns focus on their __________ efforts in the last days before the general election.
Sophie [7]
The goal of the  political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
</span>Campaigns start anywhere from several months to several years before election day. The first part of any campaign for a candidate is deciding to run. Then c<span>andidates travel around the area they are running in and meet with voters.</span><span>
Campaigns focus on their get out and Vote efforts in the last days before the general election.</span>

3 0
4 years ago
Two economists estimate the government expenditure multiplier and come up with different results. One estimates the multiplier a
madreJ [45]

Answer:

B. Compared to the first​ economist, the second economist must be assuming either a larger induced increase in​ consumption, a smaller crowding out​ effect, or both.

Explanation:

6 0
3 years ago
Aggregate supply is represented as a schedule or curve showing the relationship between the nation's
Diano4ka-milaya [45]

Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.

The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.

In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.

The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.

Usually, the level of prices and total supply have a positive connection.

Demand growth or decline has the biggest impact on short-term changes in aggregate supply.

New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.

Learn more about aggregate supply:

brainly.com/question/18273009

#SPJ1

4 0
2 years ago
Other questions:
  • Broker Al offers all his agents the ability to sell their own homes without any commission owed the brokerage. In what part of t
    5·1 answer
  • Former-ceo kalanick’s question of ""what kind of brand do we want to be?"" represents which stage of the strategic management pr
    5·1 answer
  • On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
    7·1 answer
  • Professional athletes attempting only to maximize income will defer larger salaries if:
    6·1 answer
  • Christina supervises a group of employees at a company that just went through a downsizing. Many other supervisors are no longer
    6·1 answer
  • Sarah just completed her 1040EZ tax return form and double-checked it. Now she should _____.
    15·2 answers
  • Define a quality cycle​
    15·1 answer
  • This Venn diagram compares two career pathways in the Marketing, Sales, and Service career cluster.
    15·2 answers
  • PLEASE!!!! Lucinda is paid
    8·1 answer
  • A flower shop acquired 80 new customers last year. Costs in the marketing and sales areas were the following:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!