Question

what is marginal quantity ?
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Answer 1

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☯ A N S W E R :-

• The term “marginal productivity” refers to the extra output gained by adding one unit of labor; all other inputs are held constant. So, the technology and efficiency of the factory stays the same.

• Marginal productivity is the extra jeans sewn, that is output gained, by hiring an extra worker, for example.

↪ Let's know the marginal cost times quantity?

• Marginal Cost is equal to the Change in Total Cost divided by the Change in Quantity.

• Marginal Cost refers to the cost required produce one more unit of Q.

↪How to calculate marginal product?

• The formula for marginal product is that it equals the change in the total number of units produced divided by the change in a single variable input.

• For example, assume a production line makes 100 toy cars in an hour and the company adds a new machine to the line.

↪What is marginal benefit with example?

• Marginal benefit is the incremental increase in the benefit to a consumer caused by the consumption of one additional unit of a good or service.

• For example, a consumer is willing to pay 5 dollars for an ice cream, so the marginal benefit of consuming the ice cream is 5 dollars.

✔ For understanding some more better a picture is attached to above attachment.

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Answer 2

Answer:

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