Solved

Which of the Statements Below Is True About the Marginal

Question 108

Multiple Choice

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


A) It is total output divided by the quantity of labour used.
B) It is the increase in total output resulting from the use of one more unit of labour.
C) It is the increase in total output divided by the quantity of labour used.
D) It is always constant.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents