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  • Diminishing Marginal Product

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    Viet Tuan Tran
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    34 views1 page

    Diminishing Marginal Product

    Uploaded by

    Viet Tuan Tran

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    - Diminishing marginal product.

    - Marginal Product is still above the APL -> the next worker productivity is still higher than the average -> its still decreasing. When they intersect -> maximum/. - The marginal product is derivative of output curve. Look at the point A, inflection point. - Application: Look at the text book, Malthus and the Green Revolution.

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