The marginal product of labor is defined to be
A) the additional output attributable to the last unit of labor employed.
B) the amount of output obtained,on average,from each unit of labor employed.
C) the percentage increase in output caused by a 1% rise in labor usage.
D) the amount of capital that the firm can use to replace one unit of labor.

Question

Quizplus · Accepted Answer

The marginal product of labor refers to the additional output produced by the last unit of labor employed. In other words, it measures the change in output that results from a change in labor input, while holding all other inputs constant.

The Marginal Product of Labor Is Defined to Be