Difference between revisions of "Marginal product"
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| − | Marginal product is the increase in total output due to an increase in one unit of input. | + | '''Marginal [[product]]''' (or '''marginal physical product''') is the increase in total output due to an increase in one unit of [[input]]. It is defined as the change in total product, divided by the change in a [[variable]] input. |
| − | + | [[Category:Economics]] | |
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