The marginal product of labor is defined as:
A) the additional output produced by the last ∆L units of labor hired.
B) the amount of output divided by the amount of capital used to produce the output.
C) the amount of output produced multiplied by the last ∆L units of labor hired.
D) the amount of output divided by the number of workers employed.

Question

Quizplus · Accepted Answer

The definition of marginal product of labor is "the additional output produced by the last ∆L units of labor hired." Therefore, choice A is the correct one. Choice B is incorrect because it describes the concept of productivity, not the marginal product of labor. Choice C is incorrect because it is not a commonly accepted definition of the marginal product of labor. Choice D is incorrect because it describes average product of labor, not marginal product of labor.

The Marginal Product of Labor Is Defined As