marginal productivity

marginal productivity
гранична продуктивність

The English-Ukrainian Dictionary. Economics, Finance, Banking, Investmentss, Bank Loans. . 2002.

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  • marginal productivity — UK US noun [U] ► ECONOMICS, PRODUCTION the amount that can be produced by adding one unit of something, such as labour, to the production process, or the added profit that this produces: »Modern economists have approached with caution the idea… …   Financial and business terms

  • marginal productivity theory — In economics, the theory that firms will pay a productive agent only what he or she adds to the financial earnings of the firm. Developed by writers such as John Bates Clark and Philip Henry Wicksteed at the end of the 19th century, marginal… …   Universalium

  • marginal productivity — /ˌmɑ:dʒɪn(ə)l prɒdʌk tɪvɪti/ noun extra productivity achieved by the use of one more factor of production …   Marketing dictionary in english

  • Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …   Wikipedia

  • Marginal revenue productivity theory of wages — The marginal revenue productivity theory of wages, also referred to as the marginal revenue product of labor and the value of the marginal product or VMPL, is the change in total revenue earned by a firm that results from employing one more unit… …   Wikipedia

  • productivity — The amount of output per unit of input, such as the quantity of a product produced per hour of capital employed. Bloomberg Financial Dictionary * * * productivity pro‧duc‧tiv‧i‧ty [ˌprɒdʌkˈtɪvti, dək ǁ ˌprɑː ] noun [uncountable] MANUFACTURING… …   Financial and business terms

  • Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

  • marginal — marginality, n. marginally, adv. /mahr jeuh nl/, adj. 1. pertaining to a margin. 2. situated on the border or edge. 3. at the outer or lower limits; minimal for requirements; almost insufficient: marginal subsistence; marginal ability. 4. written …   Universalium

  • Productivity — in economics refers to measures of output from production processes, per unit of input. Labor productivity, for example, is typically measured as a ratio of output per labor hour, an input. Productivity may be conceived of as a measure of the… …   Wikipedia

  • Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… …   Wikipedia

  • Marginal value theorem — The optimal time spent in a patch is given by the tangent to the resource intake curve that departs from the expected transit time value. Any other line crossing the resource intake curve has a shallower slope and thus a sub optimal resource… …   Wikipedia


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