The marginal product of labor is the change in total product from a one-unit increase in
A) the quantity of labor employed, holding the quantity of other inputs constant.
B) the quantity of capital employed, holding the quantity of labor constant.
C) both the quantity of labor and the quantity of other inputs employed.
D) the wage rate.

Question

Quizplus · Accepted Answer

The marginal product of labor is defined as the additional output produced by employing one more unit of labor, while keeping all other inputs constant.

The Marginal Product of Labor Is the Change in Total