Marginal product意思

"Marginal product" is an economic term that refers to the additional output produced by an additional unit of input. In other words, it measures the change in total output when one more unit of a factor of production is employed. The marginal product can be calculated by dividing the change in total output by the change in the quantity of the input used.

For example, if a factory increases its labor input by one worker and as a result, the total output increases by 100 units, then the marginal product of that additional worker is 100 units.

Marginal product is an important concept in microeconomics, particularly in the study of production and cost. It helps firms to determine the optimal level of input use to maximize output and minimize cost.