Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. UI
  4. /
  5. Economics
  6. /
  7. 2013/2014
  8. /
  9. Q16
Question 16

The additional output obtained by using one more unit of a factor is called

  • A.marginal income
  • B.additional product
  • C.marginal revenue
  • D.average product
  • E.marginal physical product
Objective

Question details

Exam body
UI
Subject
Economics
Year
2013/2014
Question no.
#16
Type
Objective
Previous · Q15The act of combining factor inputs in order to obtain specific output is known… Next · Q17 The amount of labour a producer hires relative to other factor input depends on…

More from this paper

  • Q12In economics, production is complete when
  • Q13In the study of economics, land, labour, capital and entrepreneur are referred…
  • Q14Production that takes place within the production possibility curve is said to…
  • Q18The concept of economic efficiency primarily refers to
  • Q19The law of diminishing returns often operates in the ...........
  • Q20The main economic objective behind the production of goods and services in an…
See all Economics 2013/2014 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy