Multiple Choice Questions on The total output generated by the first four units of variable input is 200 units 350 units 450........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

The total output generated by the first four units of variable input is 200 units 350 units 450...........

Economics (CUET) Theory of Production and Cost
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    The total output generated by the first four units of variable input is 200 units, 350 units, 450 units and 500 units. The marginal product of the third unit of input is:

     

    200 units


     

    Incorrect Answer

    100 units

    Correct Answer

    400 units

    Incorrect Answer

    500 units

    Incorrect Answer
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    Explanation:

    Option (2) is correct.

    Explanation: MP3 = TP3- TP2 = 450 - 350 = 100 units
    Hence, marginal product of the third unit of input is 100 units.

     

    By: Parvesh Mehta
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