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The value of the marginal product of any input is equal to the marginal product of that input multiplied by the
a. wage.
b. marginal cost of the output.
c. change in total profit.
d. market price of the output.


Sagot :

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the d. market price of the output.

What is marginal product?

The marginal product of an input,  can be described as the extra output that results from adding one unit of the input to the existing combination of productive factors.

It should be nopted that the marginal product or marginal physical productivity of an input serves as the change in output resulting from employing one more unit of a particular input.

Therefore, option D is correct.

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