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.
References in periodicals archive ?
Marginal physical product (MPPw) of the factor water for the without plastic mulch (SC) experiment Irrigation depths MPPw (mm) 92.
The measurement of the marginal physical product of the household size, farm size, insecticides, fungicides and fertilizer indicated positive values re-emphasizing the importance of these factors in cocoa production.
In fact, since the marginal physical product of the labor input is decreasing in its level but increasing in that of the non-labor input, [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII], the lower the quantity of the former is, the lower the quantity of the latter needed for its marginal benefit to equal the wage rate.
Robinson argues that the removal of imperfections in the output market may eliminate exploitation but actually reduce the wage paid to workers, as the price of output will have fallen and marginal physical product may fall.
The marginal physical products of applied nitrogen are driven down by the presence of legume nitrogen; thus, the yield benefits of using the legume cover crops decrease with increases in applied nitrogen.
The marginal physical product is the addition to output made by the last worker hired.
It is the product of the marginal physical product of labor in industry X ([Mathematical Expression Omitted]) and the total amount of labor.
The MRP (VMP) curve, being the product of the marginal physical product and marginal revenue (price) of the output, for most practical purposes, cannot be linear because the product of even two convex functions would most likely be nonlinear with respect to the variable input L.
Those conditions then read: hire factors up to the point where their marginal revenue products, or marginal physical products multiplied by marginal revenue, equal their factor prices.

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