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diminishing marginal product

См. также в других словарях:

  • Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …   Wikipedia

  • Marginal product — In economics and in particular neoclassical economics, the marginal product or marginal physical product of an input (factor of production) is the extra output that can be produced by using one more unit of the input (for instance, the difference …   Wikipedia

  • Law of Diminishing Marginal Returns — A law of economics stating that, as the number of new employees increases, the marginal product of an additional employee will at some point be less than the marginal product of the previous employee. Consider a factory that employs laborers to… …   Investment dictionary

  • Law Of Diminishing Marginal Utility — A law of economics stating that as a person increases consumption of a product while keeping consumption of other products constant there is a decline in the marginal utility that person derives from consuming each additional unit of that product …   Investment dictionary

  • law of diminishing marginal utility — noun In economics, the theory there is a general decrease in the utility of a product, as more units of it are consumed …   Wiktionary

  • Diminishing returns — Economics …   Wikipedia

  • Marginal revenue productivity theory of wages — The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue earned by a firm that results from employing one more unit… …   Wikipedia

  • Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… …   Wikipedia

  • Marginal Revenue Product - MRP — The change in revenue that results from the addition of one extra unit when all other factors are kept equal. The marginal revenue product is used in marginal analysis to examine the effect of variable inputs, such as labor, and follows the law… …   Investment dictionary

  • marginal utility — Econ. the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity. [1920 25] * * * In economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional… …   Universalium

  • Marginal Revenue - MR — The increase in revenue that results from the sale of one additional unit of output. Marginal revenue is calculated by dividing the change in total revenue by the change in output quantity. While marginal revenue can remain constant over a… …   Investment dictionary

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