Business Studies, asked by ahsansomro5986, 1 year ago

Definition marginal product in managerial economics

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Answered by RapMonster1994

1

✔✅In economics and in particular neoclassical economics, themarginal product or marginal physical productivity of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six

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