Sentence examples for marginal product from inspiring English sources

However, as argued above,h and s may be substitutes in production, so thatthe marginal product of h is reduced when s increases,and vice versa.4.

Stimulation (within the pleasant range) and comfort are each related to physical well-being by a monotonically increasing production function with decreasing marginal product.

If one must choose between adding one big machine or none at all to production, the concept of the marginal product becomes unworkable.

In a competitive market, the payment to each factor of production equals its value of marginal product.

The only problem is that marginal product – what you add to an organisation's profit margin as an individual – is notoriously difficult to measure.

It is sometimes claimed that using a person's marginal product as a proxy for what they have contributed to production can circumvent these problems.

Profits can be maximised when the marginal product of labour equals the wage rate (marginal cost of production).

This marginal yield of a productive input came to be called the value of its marginal product, and the resulting theory of distribution states that every type of input will be paid the value of its marginal product.

Apple employees get rich; manufacturing employees earn their marginal product.

The marginal product was more than 10percentt per year, far above the historical average.

The marginal product has accurately reflected hard economic times in the past.