The marginal product of an input is equal to the change in total product resulting from a one-unit increase in the quantity of that input.

Name: The marginal product of an input is equal to the change in total product resulting from a one-unit increase in the quantity of that input.
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Question

Quizplus · Accepted Answer

This is the correct definition of marginal product. It measures the additional output that can be produced by using one additional unit of an input, while holding all other inputs constant.

The Marginal Product of an Input Is Equal to the Change