Value marginal product
Value marginal productMarginal value product.
Marginal value productMarginal value product
The 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.
Marginal rate of substitutionMarginal rate of substitution
In a production function or a utility function, the ratio at which one argument (input) substitutes for another along an isoquant or indifference curve.
Marginal propensity to importMarginal propensity to import
The fraction of a change in income (or perhaps disposable income) spent on imports. Contrasts with average propensity to import.
Marginal costMarginal cost
The increase in cost that accompanies a unit increase in output; the partial derivative of the cost function with respect to output.
Marginal rate of transformationMarginal rate of transformation
The 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.
Further SuggestionsMarginal propensity
Marginal tax rate
Marginal propensity to save
Marginal revenue product
Marginal efficiency of capital
Marginal propensity to consume
marginal tax rate