Abstract

Marginal product refers to the contribution of a specific dose of input to the output, keeping all other inputs at their average level of use in production. The concept of ‘marginal product’ is useful in quantifying the economic contribution of each of the inputs in the production process in the first level and in the second and offers the farmer the economically right dose of input use in order to obtain the economically optimum output in the production process. Marginal product of water is accordingly an extremely useful concept, especially in the context of economic scarcity of water resource.

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