Marginal product/Definition: Difference between revisions

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imported>Nick Gardner
(New page: The additional output of a product produced by the application of one additional unit of input.)
 
imported>Chris Day
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The additional output of a product produced by the application of one additional unit of input.
The additional output of a product produced by the application of one additional unit of input.

Latest revision as of 23:37, 22 May 2008

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Marginal product [r]: The additional output of a product produced by the application of one additional unit of input.