New Cracking SEBI General in 60 Days - Possible or Not?
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Question

With an increase in variable factors, whatever increase in production per unit of factor of production is known as __________

A Marginal Product Correct Answer Incorrect Answer
B Total Product Correct Answer Incorrect Answer
C Average Product Correct Answer Incorrect Answer
D None of these Correct Answer Incorrect Answer

Solution

Marginal Product (MP) measures the change in output (production) that results from employing one additional unit of a variable factor of production while keeping other factors constant. It represents the additional output produced by adding one more unit of input.

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