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What is the relationship between total product and marginal product?
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Jan 16, 2023
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What is the relationship between total product and marginal product?
Social Studies
high-school
Artsiom Miklushou
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Artsiom Miklushou
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Total product is simply the output that is produced by all of the employed workers. Marginal product is the additional output that is generated by an additional worker.
Hope this helps!
Chris Cinelli
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Jan 21, 2023
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Chris Cinelli
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