Which of the following is the formula for the marginal product of labour?
A) F(L) - F(L - ∆L)
B) F(L)/L
C) F(L)/∆L
D) (F(L) - F(L - ∆L))/∆L

Question

Quizplus · Accepted Answer

The formula for the marginal product of labour is the change in output resulting from an additional unit of labour. This can be expressed as:
Marginal Product of Labour = (Change in Total Output) / (Change in Labour)
which can be simplified to:
MPL = (F(L) - F(L - ∆L)) / ∆L
Therefore, the correct choice is D.

Which of the Following Is the Formula for the Marginal