Which of the following affects the marginal physical product of labor?
A)a worker's abilities and degree of work effort
B)the amount of capital available per worker
C)the technical know-how of the management of the firm
D)all of the above

Question

Which of the following affects the marginal physical product of labor?
A)a worker's abilities and degree of work effort 
B)the amount of capital available per worker 
C)the technical know-how of the management of the firm 
D)all of the above

Quizplus · Accepted Answer

All of the factors listed - a worker's abilities and effort, the amount of capital available per worker, and the technical knowledge of management - can influence the marginal physical product of labor. For example, if a worker is particularly skilled or motivated, their marginal product of labor may be higher. Similarly, if there is more capital available per worker (such as better equipment or technology), their marginal product may also be higher. Finally, effective management techniques can improve worker productivity and thus raise their marginal product.

Which of the Following Affects the Marginal Physical Product of Labor