explain any one measure of removing the gap.(economic class 12. 2marks)
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Question 1: Define Marginal Physical Product.
(1)
Solution 1:
Marginal Physical Product is the change in output produced by employing one additional unit of the variable input. It can be calculated as:
MPPn = (Δ TPP)/(Δ Units of variable input) or MPPn = TPPn ‒ TPPn-1
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