marginal physical product

Fig. 118 Marginal physical product.

marginal physical product

the quantity of OUTPUT in the SHORT-RUN theory of supply produced by each extra unit of VARIABLE-FACTOR INPUT (in conjunction with a given amount of FIXED-FACTOR INPUT). The marginal physical-product curve, as shown in Fig. 118, rises steeply at first, reflecting increasing returns to the variable-factor input, but then falls as DIMINISHING RETURNS to the variable-factor input set in. See RETURNS TO THE VARIABLE-FACTOR INPUT, ISOQUANT MAP.

单词	marginal physical product
释义	marginal physical product Fig. 118 Marginal physical product. marginal physical product the quantity of OUTPUT in the SHORT-RUN theory of supply produced by each extra unit of VARIABLE-FACTOR INPUT (in conjunction with a given amount of FIXED-FACTOR INPUT). The marginal physical-product curve, as shown in Fig. 118, rises steeply at first, reflecting increasing returns to the variable-factor input, but then falls as DIMINISHING RETURNS to the variable-factor input set in. See RETURNS TO THE VARIABLE-FACTOR INPUT, ISOQUANT MAP.
随便看	necessarily necessariness necessarium necessarium est quod non potest aliter se habere necessary necessary action taken necessary and proper necessary and proper clause necessary-and-proper clause necessary and sufficient ominously ominousness ominy omiod omip omiq omis omisar omisoka omiss omissible omissio eorum quae tacite insunt nihil operatur omission omission evoked potential omission factor