The marginal product of labour is
A) the payment made to workers for their contribution to the output they produce.
B) equal to the demand for labour.
C) the change in a firm's revenue as a result of hiring one more worker.
D) the additional output a firm produces as a result of hiring one more worker.

Question

Quizplus · Accepted Answer

The marginal product of labour is the additional output a firm produces as a result of hiring one more worker. It is a measure of the productivity of a worker and helps firms determine how many workers to hire to maximize their output.

The Marginal Product of Labour Is