Marginal product (MP) is the change in total product (TP) resulting from the use of one more (or less) unit of labour (L): MP = ΔTR/ΔL -Jay-
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Calculate the marginal cost of producing the suit. In an ideal, competitive world, the marginal cost = price, so this will be our base. Then you simply find 200 - marginal cost and this provides you the markup.
marginal product of labor (:
marginal product of labor
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to find a power of a product you add the exponents