Question

what do you mean by value of marginal product of a factor​

Answer 1

Answer:

here is your answer ,mark me as BRAINLIST THANK YOU

Explanation:

Marginal physical product (MPP) of a factor is the increase in total output caused by employing an additional unit of the factor, quantity of other factors remaining fixed. ... Money value of the marginal physical product under perfect competition thus means the marginal physical multiplied by the price of the product.