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New page: Marginal product is the increase in total output due to an increase in one unit of input. Marginal product (MP) = (change in total product) divided by (change in a variable input). "Marg...

Marginal product is the increase in total output due to an increase in one unit of input.

Marginal product (MP) = (change in total product) divided by (change in a variable input).

"Marginal physical product" has the same meaning as "marginal product."

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