This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: - the change in output due to the change in input MP L = Q L marginal=change diminishing marginal productivity - eventually additional increases in an input result in smaller and smaller increases in output (total output didnt go down, just didnt increase as much as before) -would have to be negative in order to decrease output -is the cause of the product possibility frontier Removing unfreedoms of nutrition and famine, lack of health care, illiteracy, lack of clean water, lack of economic security, lack of gender equality 31/01/2008 09:33:00 31/01/2008 09:33:00...
View Full Document