Marginal Product Calculator

Calculate Marginal Product



Formula

The formula to calculate the marginal product is:

\[ \text{MP} = \frac{\text{O}}{\text{I}} \]

Where:

Marginal Product Definition

A marginal product is the ratio of the change in output with a corresponding change in input of a good or service. For example, how the output would change with a doubling of the input.

Example Calculation

Let's consider an example:

Using the formula to calculate the marginal product:

\[ \text{MP} = \frac{50}{10} = 5 \text{ units} \]

This demonstrates that with a change in output of 50 units and a change in input of 10 units, the marginal product is 5 units. ✅