Economics Multiple Choice Question – 8 October 2018

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Marginal product is …………?

Select ONE answer:

  1. Total amount of output produced.
  2. Total amount of output produced divided by the quantity of labor employed.
  3. Total amount of output produced divided by price of the output.
  4. The increase in output that results from a one-unit increase in the quantity of labor employed with all other inputs remaining the same.

Show your workings to arrive at your answer, and explain and justify your reasons:……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Economics KS5 classes.

The answer is 4

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