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What is Marginal Product
In economics, and more specifically in neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output that occurs as a result of employing one additional unit of a certain input, under the assumption that the quantities of other inputs remain unchanged.
How you will benefit
(I) Insights, and validations about the following topics:
Chapter 1: Marginal product
Chapter 2: Growth accounting
Chapter 3: Profit maximization
Chapter 4: Marginal cost
Chapter 5: Cobb-Douglas production function
Chapter 6: Production function
Chapter 7: Diminishing returns
Chapter 8: Marginal revenue
Chapter 9: Backpropagation
Chapter 10: Marginal revenue productivity theory of wages
Chapter 11: Cost curve
Chapter 12: Solow residual
Chapter 13: Solow-Swan model
Chapter 14: Harrod-Domar model
Chapter 15: Marginal rate of technical substitution
Chapter 16: Ramsey-Cass-Koopmans model
Chapter 17: Supply (economics)
Chapter 18: Marginal product of capital
Chapter 19: Marginal product of labor
Chapter 20: AK model
Chapter 21: Technological theory of social production
(II) Answering the public top questions about marginal product.
(III) Real world examples for the usage of marginal product in many fields.
Who this book is for
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Product.
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