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Production and cost — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsProduction and cost1 Mark
Question
Define Marginal Product.
OR
Define Marginal Physical Product.
✓

Answer

Marginal Product is the change in Total Product as a result of unit change in the input of a variable factor.
$MP_{nth} = TP_n - TP_{n - 1}$​​​​​​​
Here, MP = Marginal Product
$TP = $Total Product

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