Which one among the following statements is are correct 1 Marginal product is the add...........

Economic and Social Issues Nature of Indian economy

Which one among the following statements is/ are correct?

1. Marginal product is the additional output that is generated by an additional worker.

2. If other factors like capital, technology are kept constant, increase in labour may even result in decrease in output.

Codes:

1 only

2 only

Both

None

Both the statements are correct.

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