Problemas
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Total product includes the extra output caused by adding one more unit of variable input
True
False"
was Total product includes the extra output caused by adding one more unit of variable input True False
Solución
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Ginamaestro · Tutor durante 5 años
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3.1 (222 votos)
Responder
False<br /><br />The statement is incorrect. The total product refers to the total output produced by a given amount of inputs. It does not specifically refer to the extra output caused by adding one more unit of variable input. The extra output caused by adding one more unit of variable input is referred to as the marginal product.
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