The marginal product of labour is

Question

Quizplus · Accepted Answer

The marginal product of labour is the change in total output resulting from a one-unit increase in labor input. In other words, it is calculated by dividing the change in total product or output by the increase in labor. Choice A is incorrect because it incorrectly subtracts the quantity of labor from the total product. Choice B is incorrect because it incorrectly identifies the marginal product of labor as a measure of labor itself. Choice C is incorrect because it incorrectly divides total product by labor instead of dividing the change in total product by the change in labor. Choice E is incorrect because it describes a different concept altogether.

The Marginal Product of Labour Is