Marginal Product

What is Marginal Product


In economics, and more specifically in neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output that occurs as a result of employing one additional unit of a certain input, under the assumption that the quantities of other inputs remain unchanged.


How you will benefit


(I) Insights, and validations about the following topics:


Chapter 1: Marginal product


Chapter 2: Growth accounting


Chapter 3: Profit maximization


Chapter 4: Marginal cost


Chapter 5: Cobb-Douglas production function


Chapter 6: Production function


Chapter 7: Diminishing returns


Chapter 8: Marginal revenue


Chapter 9: Backpropagation


Chapter 10: Marginal revenue productivity theory of wages


Chapter 11: Cost curve


Chapter 12: Solow residual


Chapter 13: Solow-Swan model


Chapter 14: Harrod-Domar model


Chapter 15: Marginal rate of technical substitution


Chapter 16: Ramsey-Cass-Koopmans model


Chapter 17: Supply (economics)


Chapter 18: Marginal product of capital


Chapter 19: Marginal product of labor


Chapter 20: AK model


Chapter 21: Technological theory of social production


(II) Answering the public top questions about marginal product.


(III) Real world examples for the usage of marginal product in many fields.


Who this book is for


Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Product.

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