The change in output caused by a one-unit change in labor is referred to as the
A) compounded physical product of labor.
B) average product of labor.
C) marginal product of labor.
D) total product of labor.

Question

Quizplus · Accepted Answer

The change in output caused by a one-unit change in labor is referred to as the marginal product of labor. Marginal product of labor is the change in total output that results from employing an additional unit of labor.

The Change in Output Caused by a One-Unit Change in Labor