The marginal product of labor equals the change in ________ from a one-unit increase in the quantity of labor.
A) total product
B) average product
C) total cost
D) the slope of the average product curve
E) the wage rate

Question

Quizplus · Accepted Answer

The marginal product of labor (MPL) is defined as the additional output produced by adding one more unit of labor while holding all other inputs constant. Therefore, MPL equals the change in total product from a one-unit increase in the quantity of labor.

The Marginal Product of Labor Equals the Change in ________