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Social Science Categories
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| Definition Of: |
Marginal productivity
The additional output obtained by adding an additional unit of a productive resource, such as labor. More precisely, marginal productivity is the change in total output divided by the change in the amount of the productive resource employed. marginal productivity = change in total output change in amount of productive resource
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Economics INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1.
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