Marginal return
Encyclopedia
Marginal return refers to the additional output
resulting from a one unit increase in the use of variable input
s, while other inputs are held constant.
Output (economics)
Output in economics is the "quantity of goods or services produced in a given time period, by a firm, industry, or country," whether consumed or used for further production.The concept of national output is absolutely essential in the field of macroeconomics...
resulting from a one unit increase in the use of variable input
Factors of production
In economics, factors of production means inputs and finished goods means output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called a production function...
s, while other inputs are held constant.