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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marginal productivity is in the Accounting & Auditing and Economics, Politics, & Society subjects.
marginal productivity appears in the definitions of the following terms: law of diminishing returns and marginal productivity theory of wages
marginal productivity appears in these other terms: marginal productivity theory of income distribution, marginal productivity of capital
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