Elucidate how much the last input added to the total amount

Assignment Help Business Economics

Reference no: EM1349301

1. Marginal physical product can tell a producer

a. at what point to stop adding inputs to the production process.

b. how much profit will be made at each level of production.

c. Elucidate how much the last input added to the total amount of revenue.

d. Elucidate how much the last input added to the total amount of production.

e. total cost at a given level of output.

Reference no: EM1349301

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