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  #1  
Old Wednesday, November 07, 2012
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Default What is Marginal Product?

What is MP?
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Old Wednesday, November 07, 2012
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Increase in product due to additional unit.
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Quote:
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Increase in product due to additional unit.
plz explain additional unit...
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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.
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Old Monday, March 25, 2013
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Aslam-O-Alikum to All

Please upload Economic Lectures
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