Writing total output as Q, change in output as $\Delta$Q, total labor employment as L, and change in labor employment as $\Delta$L, the marginal product of labor can be written algebraically as
A) $\Delta$Q ∙ L.
B) Q / L.
C) ΔL / ΔQ.
D) ΔQ / ΔL.

Question

Quizplus · Accepted Answer

The marginal product of labor is defined as the change in output (ΔQ) divided by the change in labor employment (ΔL).

Writing Total Output as Q, Change in Output As Δ\DeltaΔ Q, Total Labor Employment as L, and Change in Labor

Writing Total Output as Q, Change in Output As $\Delta$ Q, Total Labor Employment as L, and Change in Labor