Marginal product of labour is

total product divided by units of labourCorrect answerYour answerthe total output of the firmCorrect answerYour answerthe change in total product from employing one more unit of labourCorrect answerYour answerthe wage paid to a workerCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

MPₗ = TPₙ − TPₙ₋₁, the output the extra worker adds.
TP divided by labour is the average product.

Concept: Marginal product
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsTotal, marginal and average product

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Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter All 62 questions in Production Function: TP, MP and AP Revise the notes for Production Function: TP, MP and AP

Marginal product of labour is

Explanation