Define marginal physical products
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Meghna Thapar 5 years, 1 month ago
The law of diminishing marginal productivity is also known as the law of diminishing marginal returns. Marginal productivity or marginal product refers to the extra output, return, or profit yielded per unit by advantages from production inputs. Inputs can include things like labor and raw materials. Marginal physical product, usually abbreviated MPP, is found by dividing the change in total physical product by the change in the variable input.
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