Output associated with hiring an additional person,holding constant other production factors,is referred to as:
A) productivity.
B) the marginal product of labor.
C) incremental productivity.
D) the marginal revenue product of labor.

Question

Quizplus · Accepted Answer

The output associated with hiring an additional person while holding constant other production factors is specifically referred to as the marginal product of labor, as it shows the additional output that is produced by the additional worker. Choices A, C, and D are not as specific to this concept.

Output Associated with Hiring an Additional Person,holding Constant Other Production