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1. The average product of an input is: a. the additional output that can be produced by increasing all inputs by one unit. b. the

1. The average product of an input is:

a. the additional output that can be produced by increasing all inputs by one unit.

b. the additional output that can be produced by increasing the input by one unit, holding all other inputs

constant.

c. the additional revenue that is generated by increasing the input by one unit.

d. the total output produced divided by the number of units of the input.

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