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Production and cost — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsProduction and cost1 Mark
Question
Define Marginal Product.### Define Marginal Physical Product.
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Answer

Marginal Product is the change in Total Product as a result of unit change in the input of a variable factor.
MPnth = TPn - TPn - 1
Here, MP = Marginal Product
TP = Total Product

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