The output with only one worker is considered the [...]of the first unit of labor. The addition of a second worker will increase total product by the [...] of the second worker.
The output with only one worker is considered the [...]of the first unit of labor. The addition of a second worker will increase total product by the [...] of the second worker.
The output with only one worker is considered the [...]of the first unit of labor. The addition of a second worker will increase total product by the [...] of the second worker.
Answer
marginal product
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it The output with only one worker is considered the marginal product of the first unit of labor. The addition of a second worker will increase total product by the marginal product of the second worker.
Original toplevel document (pdf)
owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p67
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.