Marginal product is
A)the output of the least skilled worker.
B)a worker's output multiplied by the price at which each unit can be sold.
C)the amount an additional worker adds to the firm's total output.
D)the amount any given worker contributes to the firm's total revenue.

Question

Quizplus · Accepted Answer

Marginal product refers to the additional output generated by employing one more unit of a factor of production, such as a worker, which is why option C is correct. It does not directly relate to the skill level of a worker, the multiplication of output by price, or the contribution to total revenue, which are described in the other options.

Marginal Product Is