Marginal product of capital

From CNM Wiki
Revision as of 17:39, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "Marginal product of capital (MPK) is the amount of extra output produced when the capital input is increased by one unit. *Marginal product of labor (MPL). The...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Marginal product of capital (MPK) is the amount of extra output produced when the capital input is increased by one unit. *Marginal product of labor (MPL). The amount of extra output produced when the labor input is increased by one unit.

Definition

According to Macroeconomics by Mankiw (7th edition),

Marginal product of capital (MPK). The amount of extra output produced when the capital input is increased by one unit. *Marginal product of labor (MPL). The amount of extra output produced when the labor input is increased by one unit.
Retrieved from "https://pravka.bskol.com/w/index.php?title=Marginal_product_of_capital&oldid=50324"