Difference between revisions of "Marginal product"
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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...) |
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Revision as of 00:23, April 9, 2007
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."