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    Marginal change of Total Productivity

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    Do you think Total Productivity goes down with the addition of one more unit of an input such as labor? What about Marginal Productivity? What is the difference between Total productivity and Marginal productivity?

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    Total productivity does not go down with the addition of on more unit of input. Consider labour for example. If you hire one more worker, your total productivity at least stays the same. Hiring one more worker does not reduce the productivity of the existing workers (assume this new guy does no go around and distract others). So your total ...

    Solution Summary

    The marginal change of total productivity is examined. The difference between total productivity and marginal productivity is given.

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