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marginal productivity
Definition
Change
in
output
that
results
from changing the
labor
input
by one
unit
, all other
factors
remaining constant.
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Nearby Terms
marginal pricing
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marginal private cost
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marginal product of labor
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Popular 'Accounting & Auditing' Terms
accounting
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Related Terms
marginal productivity theory of wages
law of diminishing returns
Mentioned in these terms
marginal productivity theory of distribution
law of diminishing marginal productivity
marginal productivity theory of income distribution
marginal productivity of capital
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