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. | + | '''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]] | ||