Difference between revisions of "Marginal product"
Jump to navigation
Jump to search
m (undeadend) |
m (Rewrite for flow) |
||
| Line 1: | Line 1: | ||
| − | '''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]] | [[category:economics]] | ||
Revision as of 01:44, December 22, 2007
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.