CSS Forums - What is Marginal Product?

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Shobeen Jehajo

Wednesday, November 07, 2012 11:14 AM

What is Marginal Product?

What is MP?

azmatullah

Wednesday, November 07, 2012 12:21 PM

Increase in product due to additional unit.

Shobeen Jehajo

Wednesday, November 07, 2012 05:53 PM

[QUOTE=azmatullah;507331]Increase in product due to additional unit.[/QUOTE]

plz explain additional unit...

azmatullah

Wednesday, November 07, 2012 06:59 PM

you consumed 7 unit for production resulting in 10 units of output. now by consuming additional unit (8th) unit, production increases to 12. now 2 is marginal product. that is change in product due to additional unit.

Sardar Muhammad Zaheer

Monday, March 25, 2013 02:17 PM

Aslam-O-Alikum to All

Please upload Economic Lectures

04:47 PM (GMT +5)