Home > The Oxford Dictionary of Economics > marginal physical product
marginal physical product
marginal physical productThe addition to output, measured in physical terms, as the result of a small increase in any factor input, per unit of the increase. This disregards any effects of the change in output on the price at which it can be sold, in contrast to marginal revenue product, which also takes this into account.
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Oxford University Press Titles
- The Concise Oxford Dictionary of Archaeology
- The Oxford Dictionary of Economics
- The Oxford Companion to American Literature
- The Oxford Companion to American Military History
- The Oxford Companion to Classical Civilization
- The Oxford Companion to English Literature
- The Oxford Companion to Fairy Tales
- The Oxford Companion to Shakespeare
- The Oxford Dictionary of Plays
- The Oxford Dictionary of Art
- Oxford Dictionary of Sociology
- Oxford Dictionary of World History
- Oxford Dictionary of World Mythology
