what do you mean by merginal products
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➡️ The marginal product of an input, say labour, is defined as the extra output that results from adding one unit of the input to the existing combination of productive factors...
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In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output resulting from employing one more unit of a particular input, assuming that the quantities of other inputs are kept constant.
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