Marginal product is the:
A)increase in average product attributable to the employment of one more worker
B)increase in total revenue attributable to the employment of one more worker
C)increase in total cost attributable to the employment of one more worker
D)total product divided by the number of the workers employed
E)increase in total output attributable to the employment of one more worker

Question

Quizplus · Accepted Answer

Marginal product is the additional output produced by adding one more unit of labor. Therefore, the increase in total output attributable to the employment of one more worker is the best definition of marginal product.

Marginal Product Is The