Question

Define marginal product.

Answer 1

Answer:

, is the change in total output as one additional unit of input is added to production.

Answer 2

Answer:

The term “marginal productivity” refers to the extra output gained by adding one unit of labor; all other inputs are held constant. So, the technology and efficiency of the factory stays the same. Marginal productivity is the extra jeans sewn, that is output gained, by hiring an extra worker

Explanation:

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