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Agriculture Economics QUESTION #11859
Question 1
If $TPP = f(X)$ is total physical product, marginal physical product is defined as:
  • $MPP = \dfrac{TPP}{X}$
  • $MPP = \dfrac{\Delta TPP}{\Delta X}$✔️
  • $MPP = \dfrac{X}{TPP}$
  • $MPP = TPP \times X$
Correct Answer Explanation
Marginal physical product is the change in total product from a one-unit change in the variable input, $\dfrac{\Delta TPP}{\Delta X}$.