What is Marginal Product?

What is Marginal Product?

What is Marginal Product (MP)? 

This is the additional product produced as a result of the application of one additional unit of variable factor when all other factor are fixed. That is, increase in total product as a result of the employment of one additional unit of product.

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Somtochukwu

Motivational speaker 🔊 and writer.

Somtochukwu speaks to English hearing audiences and she writes motivational and informational books.

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