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'''Marginal product''' is the increase in total output due to an increase in one unit of input.
'''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 product (MP) = (change in total product) divided by (change in a [[variable]] input).
"Marginal physical product" has the same meaning as "marginal product."
"Marginal physical product" has the same meaning as "marginal product."
[[category:economics]]
[[category:economics]]