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Everything about Marginal product
Change in output resulting from employing one more unit of a particular input
In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output resulting from employing one more unit of a particular input, assuming that the quantities of other inputs are kept constant. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: Marginal productA 5-minute orientation
- Skim a recent paper: The Antarctic Marginal Ice Zone and Pack Ice Area in CMEMS GREP Ensemble Reanalysis ProductInfluential work since 2022
- Pick up a classic book: Marginality in space--past, present and futureThe most-reprinted book on the subject
- Read the landmark paper: The Marginal Product of CapitalCited 436 times
- Go sideways: Marginal revenue productivity theory of wagesA closely related topic
- Go sideways: Marginal product of capitalA closely related topic
📖 Definitions
No dictionary entry for this exact phrase.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
The Marginal Product of Capital
Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor
WHAT'S WRONG WITH SCULLY‐ESTIMATES OF A PLAYER'S MARGINAL REVENUE PRODUCT
Marginal product pricing in the ecosystem
The relation between marginal product and price in US energy markets
Maximal Marginal Relevance-Based Recommendation for Product Customisation
What Is Right With Scully Estimates of a Player’s Marginal Revenue Product
Relating Product Prices to Long‐Run Marginal Cost: Evidence from Solar Photovoltaic Modules
🆕 Influential since 2022
The Antarctic Marginal Ice Zone and Pack Ice Area in CMEMS GREP Ensemble Reanalysis Product
Agricultural Production Optimization and Marginal Product Response to Climate Change
Mechanical Harvesting of Marginal Land and Agroforestry Field: New Insights from Safflower for Bio-Product Production
Addressing endogeneity in marginal revenue product estimates of shirking in Major League Baseball
Diversification of Livelihood from Animal Waste and by-Product for Small and Marginal Farmers in India
📚 Books worth reading
Marginality in space--past, present and futureHeikki Jussila · 1999
Environment and marginality in geographical spaceHeikki Jussila · 2000
Globalization and marginality in geographical spaceHeikki Jussila · 2001- 📕Community Development on the North Atlantic MarginJohn Hutson, Reginald Byron · 2017
Regional development on the North Atlantic marginReginald Byron, Jens Christian Hansen · 2004- 📕A management concernUnited States. General Accounting Office · 1978
- 📕IndeterminacyCatherine Alexander, Andrew Sanchez · 2018
- 📕Hausfrauen, Bauern, MarginalisierteCarola Jacobi · 1980
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Marginal revenue productivity theory of wages The marginal revenue productivity theory of wages is a model of wage levels in which they set to match to the marginal revenue product of labor, M R P…
- Marginal product of capital In economics, the marginal product of capital (MPK) is the additional production that a firm experiences when it adds an extra unit of input. It is a feature…
- Marginal rate of technical substitution In microeconomic theory, the marginal rate of technical substitution (MRTS)—or technical rate of substitution (TRS)—is the amount by which the quantity…
- Solow residual The Solow residual is a number describing empirical productivity growth in an economy from year to year and decade to decade. Robert Solow, the Nobel Memorial…
- AK model The AK model of economic growth is an endogenous growth model used in the theory of economic growth, a subfield of modern macroeconomics. In the 1980s…
- List of production functions This is a list of production functions that have been used in the economics literature. Production functions are a key part of modelling national output…
- Marginal product of labor In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production…
- Production function In economics, a production function gives the technological relation between quantities of physical inputs and quantities of output of goods. The production…