- marginal output
- yield resulting from every extra unit produced by a manufacturer
English contemporary dictionary. 2014.
marginal output
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Output (economics) — Output in economics is the quantity of goods or services produced in a given time period, by a firm, industry, or country, [1] whether consumed or used for further production.[2] The concept of national output is absolutely essential in the field … Wikipedia
Marginal product of capital — (MPK) is the additional output resulting from the use of an additional unit of capital (ceteris paribus assuming all other factors are fixed). It equals 1 divided by the Incremental capital output ratio. It is the partial derivative of the… … Wikipedia
marginal cost — marginal cost, marginal cost of production marginal cost of production . (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost is almost… … The Collaborative International Dictionary of English
marginal cost of production — marginal cost marginal cost, marginal cost of production marginal cost of production . (Economics) The increase in total cost of production as a result of producing one more unit of output; since certain ovrhead costs are fixed, the marginal cost … The Collaborative International Dictionary of English
marginal revenue — marginal cost or marginal revenue noun (economics) The increase in a firm s total costs or revenue caused by producing one more unit of output • • • Main Entry: ↑margin … Useful english dictionary
Marginal return — refers to the additional output resulting from a one unit increase in the use of variable inputs, while other inputs are held constant. See also Returns (economics) Categories: Economics and finance stubsFinance … Wikipedia
Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… … Wikipedia
Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… … Wikipedia
Marginal product — In economics and in particular neoclassical economics, the marginal product or marginal physical product of an input (factor of production) is the extra output that can be produced by using one more unit of the input (for instance, the difference … Wikipedia
Marginal revenue productivity theory of wages — The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue earned by a firm that results from employing one more unit… … Wikipedia
