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The output of an extra unit of input is referred to as  

Economics
WAEC 2025

The output of an extra unit of input is referred to as

 

  • A. marginal product of the input
  • B. average product of the input
  • C. utility of the input employed
  • D. output of the input
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Correct Answer: Option A
Explanation

The output of an extra unit of input is referred to as the marginal product of the input. This is a concept in economics that
describes the additional output that can be produced by adding one more unit of a specific input, while holding all other inputs
constant. Therefore, the correct answer is 'marginal product of the input'.


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