The definition for the marginal product of labour is
A)the additional sales revenue that results when one more worker is hired.
B)the additional output that results when one more worker is hired, holding all other resources constant.
C)the additional number of workers required to produce one more unit of output.
D)the cost of hiring one more worker.

Question

Quizplus · Accepted Answer

The marginal product of labour refers to the additional output that is generated when one more unit of labour is added to production, while keeping all other inputs constant. It is a measure of the contribution of the last unit of labour to the total output of a firm. Therefore, choice B correctly defines the marginal product of labour. Choices A, C, and D are not accurate definitions for this concept.

The Definition for the Marginal Product of Labour Is