The formula for marginal product is that it equals the change in the total number of units produced divided by the change in a single variable input. ... The marginal product is 7.5, or 15 additional pizzas divided by the two additional employees hired.
What is the formula for calculating marginal product?
Review the marginal product formula
The formula for calculating marginal product is (Q^n - Q^n-1) / (L^n - L^n-1).
How do you calculate marginal product with example?
Marginal Product = (Y1 – Y0) / (I1 – I0)
- Marginal Product = (17,000 – 15,000) / (8,000 – 7,200)
- Marginal Product = 2.5 pieces per man hour.
