What is the definition of marginal product of labour?
A) the total output divided by the total labour utilized
B) the change in total output divided by the change in labour, other factors of production held constant
C) the change in profit divided by the change in labour, other factors of production held constant
D) the change in labour utilized divided by the change in total output, other factors of production held constant

Question

Quizplus · Accepted Answer

Marginal product of labour refers to the additional output or production that is added when one additional unit of labor is added to the production process, while keeping all other factors of production constant. Therefore, it can be defined as the change in total output divided by the change in labor, with other factors held constant.

What Is the Definition of Marginal Product of Labour