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

Question

Quizplus · Accepted Answer

Marginal product of labor is the change in output resulting from a change in labor employment. This can be represented algebraically as ΔQ / ΔL, which is equivalent to option D.

Writing Total Output as Q, Change in Output as △Q