Marginal product flashcard sets

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marginal product definitions
# Definition Sets
1the increase in output that arises from an additional unit of input12 sets
2the additional output that can be produced by adding one more unit of a specific input, ceteris paribus.4 sets
3extra output due to the addition of one more unit of input3 sets
4the increase in total output caused by an increase of one unit in the variable factor of production, holding all else constant2 sets
5the increase in output that arises from an additional unit of output2 sets
6the extra output or change in total product caused by the addition of one more unit of variable input2 sets
7the extra output or change in total product caused by the addition of one or more unit of variable input2 sets
8increase in output that arises from an additional unit of input2 sets
9the increase in total output caused by an increase of one unit in the variable factor of production, holding technology and all other inputs constant2 sets
10extra output or added product associated with adding a unit of a variable resource to the production process; also referred to as "mp".1 set
11the change in output (total products) resulting from employing and additional unit of variable imput1 set
12the change in total product resulting from a one-unit change in a particular resource1 set
13the change in total product resulting from a one-unit change in a particular resource, all other resources constant1 set
14the additional output that will be forthcoming from an additional worker, other inputs constant.1 set
15extra output or change in total production by addition of one more unit of variable input1 set
16the output produced by one more unit of a given input.1 set
17the additional output obtained by employing one more unit of input1 set
18the additional output that will be forthcoming fram an additional worker, other inputs constant1 set
19the extra output or added prodcut associated with adding a unit of variable resource1 set
20the extra output or added product associated with adding a unit of a variable resource (change in tp/change in labor input)1 set
21the extra output or change in total product caused by the addition if one or more unit of variable input1 set
22change in total product/change in labor input1 set
23the additional output that will be forthcoming from an additional worker, other things constant1 set
24the change in total output associated with adding one more unit of variable input1 set
25the change in total product that results from a one unit increase in the quantity of labor employed1 set
26the increase in output that arises from an additional unit of input; tmp/q; curve: increases then gradually starts to decrease1 set
27the change in output generated by adding one more unit of input1 set
28increase in total output caused by an increase of one unit in the variable factor of production, holding technology and all other inputs constant.1 set
29the extra output associated with adding a unit of variable resources1 set
30the number of additional products made in one cycle/round1 set
31the additional output obtained by employing one or more unit of output1 set
32the extra output or change in total product caused by the addition of one more unit of variable input.1 set
33change in output from hiring one additional unit of labor1 set
34extra output generated by one more unit of variable input1 set
35the extra output or change in total product caused by the addition of one more unit of variable output1 set
36the increase in output that arises from and additional unit of input1 set
37the addition to output produced byan extra unit of input. it is the change in total output divided by the change in the level of inputs.1 set
38extra output or change in a total product caused by the addition of one more unit of variable unit1 set
39the extra outputdue to the addition of one or more unit of variable input1 set
40the extra amount produced by adding one resource to production1 set