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The additional revenue obtained by using one more unit of a factor is called?
Classroom
Economics Classroom
Jamb
Jamb 1988
The Theory Of Production
Concepts Of Production And Their Interrelationships
Marginal Product(MP)
More Topics
The additional revenue obtained by using one more unit of a factor is called?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Average product
B
Marginal product
C
Diminishing returns
D
Marginal revenue product
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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