Difference between revisions of "Marginal product"

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Is God willing to prevent evil, but not able? Then he is not omnipotent. Is he able, but not willing? Then he is malevolent. Is he both able and willing? Then whence cometh evil? Is he neither able nor willing? Then why call him God?
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'''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.
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[[Category:Economics]]

Latest revision as of 12:33, July 11, 2016

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.

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