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Virat Vohra
Asked: 2022-11-07T03:15:07+05:30 In:

Define marginal product.

Define marginal product.
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  1. Marginal product is net addition to total product when one additional unit of variable factor is used.

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Sukriti Umar Sant
Asked: 2022-11-01T07:34:53+05:30 In:

Define marginal product

Define marginal product
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  1. Marginal Product\xa0is\xa0defined\xa0as the additional\xa0output\xa0produced because of the employment of an additional unit of labour. In other words, it is the change in the total\xa0output\xa0brought by employing one additional unit of labour.

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