What is the marginal product of labour equal to
A)the incremental cost associated with a one-unit increase in labour
B)the incremental profit associated with a one-unit increase in labour
C)the increase in labour necessary to generate a one-unit increase in output
D)the increase in output obtained from a one-unit increase in labour

Question

Quizplus · Accepted Answer

The marginal product of labour is defined as the additional output gained by employing one more unit of labour while holding all other inputs constant. Therefore, the best choice is D, which states that the marginal product of labour is the increase in output obtained from a one-unit increase in labour.

What Is the Marginal Product of Labour Equal to