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.