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Posted: July 18th, 2023

University of South Africa ECONOMICS ECS4862 – The Marginal Product of an input is

The Marginal Product of an input is:1) Total product divided by the amount of the input used to produce this amount of output2) the addition to total output that adds nothing to total revenue3) the addition to total output that adds nothing to profit4) the addition to total output due to the addition of one unit of all other inputs5) the addition to total output due to the addition of the last unit of an input, holding all other inputs constant.

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