Marginal product is
A) the increase in output that results from a one-unit increase in the quantity of labor employed with all other inputs remaining the same.
B) total amount of output produced.
C) total amount of output produced divided by the quantity of labor employed.
D) total amount of output produced divided by price of the output.

Question

Quizplus · Accepted Answer

Marginal product refers to the additional output generated by adding one more unit of a specific input, such as labor, while keeping other inputs constant.

Marginal Product Is