Which of the following statements is true about the marginal product of labour?

Question

Quizplus · Accepted Answer

The marginal product of labour (MPL) is the additional output that results from using one more unit of labour while holding all other inputs constant. Therefore, it is the increase in total output resulting from the use of one more unit of labour. Option A is incorrect because it describes the average product of labour (APL), which is total output divided by the quantity of labour inputs used. Option C is incorrect because it describes the average product of labour (APL) as well. Option D is incorrect because it doesn't make sense mathematically.

Which of the Following Statements Is True About the Marginal