Marginal product is the ratio of the change in total output to the change in one variable input. It measures the additional output gained from using one more unit of a variable input, such as labor, while holding all other inputs constant.
Marginal product is ratio of
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This question is part of 🌍 Current Affairs within the broader 🌐 Current Affairs & GK subject and appears in the PPSC Punjab Public Service Commission preparation collection. Reviewing the answer together with nearby questions helps reinforce the underlying concept and identify how it may appear in competitive exams.