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Value marginal product |
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Value marginal productMarginal value product.Similar MatchesMarginal 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 utilityMarginal utilityThe change in total satisfaction as a result of consuming one additional unit of a specific good or service. 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. Marginal tax rateMarginal tax rateThe tax rate that would have to be paid on any additional dollars of taxable income earned. Marginal value productMarginal 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. Further SuggestionsMarginal costMarginal propensity Marginal product Marginal revenue product Marginal revenue Marginal propensity to consume Marginal rate of substitution Marginal Marginal propensity to save marginal tax rate Marginal efficiency of capital |
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