Marginal Product Calculator
Marginal Product Calculator | ||
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Parameter | Description | Example Value |
Total Product (Before) | The total output produced before the additional unit of input. | 100 units |
Total Product (After) | The total output produced after the additional unit of input. | 120 units |
Change in Input | The increase in the quantity of the input used. | 1 unit |
Marginal Product | The additional output produced from using one more unit of input. Formula: (Total Product After – Total Product Before) / Change in Input |
20 units |