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Marginal Product
The additional output that an additional unit of input (such as labor or capital) will produce, holding all other inputs constant.
Returns To Scale
The change in output resulting from a proportional change in all input factors where all inputs are increased or decreased by the same factor.
Marginal Products
This refers to the additional output that results from using an extra unit of a particular input, assuming other inputs are constant in the production process.
Production Function
A mathematical expression that describes the relationship between input factors and the output of goods or services.
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