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Economics
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Producer Theory
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Marginal Product (MP)
Marginal Product (MP)
The change in total output resulting from employing one additional unit of a specific input, holding all other inputs constant.
MP
L
=
∂
Q
∂
L
\text{MP}_L = \frac{\partial Q}{\partial L}
MP
L
=
∂
L
∂
Q
.