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marginal product |
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marginal product [′mär·jən·əl ′präd·əkt] (industrial engineering) The extra unit of output obtained by one extra unit of some factor, all other factors being held constant. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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L] is the arithmetical product of output price and the marginal physical product of labor. It is profitable for large revenue clubs to acquire players who may have a higher marginal revenue product, but who still may have a lower marginal physical product than they would with small revenue teams. The result states that the change in input use in response to a shift in the output price schedule depends on how marginal physical product changes with quality. |
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