In any production process the marginal product of labor equals
A)Change in total output divided by change in labor input
B)Total output divided by total input
C)Total output
D)None of the above

Question

Quizplus · Accepted Answer

The marginal product of labor measures the change in output resulting from a change in labor input. It is calculated by dividing the change in total output by the change in labor input. Therefore, the correct answer is A. B is incorrect because it does not take into account the change in inputs, and C and D are incorrect because they do not take into account the labor input.

In Any Production Process the Marginal Product of Labor Equals