Difference between revisions of "Marginal product"
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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]] | ||
Revision as of 02:11, May 2, 2011
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.