![]() ![]() Marginal physical product usually goes by the shorter name marginal product. Marginal physical product is the extra output generated by an extra input. ![]() Marginal physical product, which more often goes by the name marginal product (MP), is one of two measures derived from total physical product. Marginal physical product, usually abbreviated MPP, is found by dividing the change in total physical product by the change in the variable input. MARGINAL PHYSICAL PRODUCT: The change in the quantity of total physical product resulting from a unit change in a variable input, keeping all other inputs unchanged. Other factors affecting weight include special handling (security, comfort) and type of transportation (walking, automobile, airplane). With the weight (transportation cost) of an activity is often related to physical weight (heavier items cost more to move), it need not be. As such, it is attracted, or pulled, to other activities to reduce transportation cost. The weight of an activity is greater if it incurs higher transportation cost. The weight of an activity in this context is comparable to the weight of matter subject to gravitation forces. WEIGHT: When applied to location theory, the relative attractive force of one activity to another based on transportation cost. ![]() AmosWEB means Economics with a Touch of Whimsy!
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