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19 Feb 2018

19. When calculating the marginal product of capital: a. other inputs must be varied in the same proportion as capital. b. all other inputs remain constant. c. total output is held fixed by assumption d. one must divide total output by the total number of units of capital employed.

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Casey Durgan
Casey DurganLv2
19 Feb 2018
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1) Marginal product of labour is the increase in total product that results from a A) one-unit increase in both the quantity of variable and fixed inputs. B) one-unit increase in the quantity of fixed inputs employed, holding the quantity of the variable inputs constant. 1 percent change in the quantity of labour and the quantity of capital employed. D) one-unit increase in the quantity of labour employed, other inputs remaining the same. E) change in the cost of labour.

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