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Define marginal product

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Define marginal product

    • Posted by Raghavendra Arya 4 years, 4 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Vanshika Verma 4 years, 4 months ago

    Marginal Product is defined as the additional output produced because of the employment of an additional unit of labour. In other words, it is the change in the total output brought by employing one additional unit of labour.

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