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Marginal value product |
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Marginal value productThe value of the marginal product of a factor in an industry; that is, the price of the good produced times the marginal product. Determines factor prices when all markets are competitive.Similar MatchesMarginal revenueMarginal revenueThe change in total revenue as a result of producing one additional unit of output. Marginal tax rateMarginal tax rateThe tax rate that would have to be paid on any additional dollars of taxable income earned. Marginal rate of transformationMarginal rate of transformationThe increase in output of one good made possible by a one-unit decrease in the output of another, given the technology and factor endowments of a country; thus the absolute value of the slope of the transformation curve. Marginal propensityMarginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity. Marginal propensity to importMarginal propensity to importThe fraction of a change in income (or perhaps disposable income) spent on imports. Contrasts with average propensity to import. Further SuggestionsMarginal rate of substitutionMarginal propensity to consume marginal tax rate Marginal utility Value marginal product Marginal Marginal product Marginal cost Marginal propensity to save Marginal revenue product Marginal efficiency of capital |
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