Economic Definition of MPP. Defined.
Offline Version: PDF
Term MPP Definition: The abbreviation for marginal physical product, which is the change in the quantity of total product resulting from a unit change in a variable input, keeping all other inputs unchanged. Marginal physical product is found by dividing the change in total product by the change in the variable input.
Permalink: https://glossary.econguru.com/economic-term/MPP