Marginal Product - Unlocking Economic Power The Marginal Product Journey
Fouad Sabry
Publisher: One Billion Knowledgeable
Summary
What is Marginal Product In economics, and more specifically in neoclassical economics, the marginal product or marginal physical productivity of an input is the change in output that occurs as a result of employing one additional unit of a certain input, under the assumption that the quantities of other inputs remain unchanged. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Marginal product Chapter 2: Growth accounting Chapter 3: Profit maximization Chapter 4: Marginal cost Chapter 5: Cobb-Douglas production function Chapter 6: Production function Chapter 7: Diminishing returns Chapter 8: Marginal revenue Chapter 9: Backpropagation Chapter 10: Marginal revenue productivity theory of wages Chapter 11: Cost curve Chapter 12: Solow residual Chapter 13: Solow-Swan model Chapter 14: Harrod-Domar model Chapter 15: Marginal rate of technical substitution Chapter 16: Ramsey-Cass-Koopmans model Chapter 17: Supply (economics) Chapter 18: Marginal product of capital Chapter 19: Marginal product of labor Chapter 20: AK model Chapter 21: Technological theory of social production (II) Answering the public top questions about marginal product. (III) Real world examples for the usage of marginal product in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginal Product.
