Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Production and Costs

Question:

Total product of a variable input is the sum of which of the following?

Options:

Average products

Marginal products.

Total utility

None of the above

Correct Answer:

Marginal products.

Explanation:

The correct answer is Option 2: Marginal products. 

Since inputs cannot take negative values, marginal product is undefined at zero level of input employment. For any level of an input, the sum of marginal products of every preceeding unit of that input gives the total product. So total product is the sum of marginal products.