Economy, asked by shivayoo78, 5 months ago

It is defined as change in total product due to application of one more or one less unit of variable factor.

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Answered by radheshyam6441

Answer:

The additional output produced as a result of employing an additional unit of the variable factor input is called the Marginal Product. Thus, we can say that marginal product is the addition to Total Product when an extra factor input is used.

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It is defined as change in total product due to application of one more or one less unit of variable factor.​

Answers

It is defined as change in total product due to application of one more or one less unit of variable factor.