Enter the total change in output and the total change in input into the calculator. The calculate will evaluate the marginal product.
Marginal Product Formula
The following equation is used to calculate the marginal product of a produced good.
MP = O / I
- Where MP is the marginal product
- I is the change in input
- O is the change in output
Marginal Product Definition
A marginal product is the ratio of the change in output with a corresponding change in input of a good or service. For example how the out put would change with a doubling of the input.