What is the marginal product of input?
The additional output produced due to the employment of an additional labour unit is defined as the Marginal product. It can also be defined in simpler terms as the change in the total output observed when an additional unit of labour is employed. For further explanation of the algebraic equation used to represent the marginal product of input, refer to NCERT Solutions for Class 12 Microeconomics - Chapter 3 - Production and Costs.