The marginal product of labour is the additional output associated with the employment of one additional human resources unit, with other production factors held constant.

Name: The marginal product of labour is the additional output associated with the employment of one additional human resources unit, with other production factors held constant.
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Question

Quizplus · Accepted Answer

The marginal product of labor measures the change in output resulting from employing one more unit of labor, assuming all other inputs remain unchanged.

The Marginal Product of Labour Is the Additional Output Associated