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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
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

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
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
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
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
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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

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