Marginal product of labor refers to theA) last unit of output produced by labor at the end of each period.B) increase in output resulting from employing one more unit of labor.C) total output divided by the number of labor employed.D) smallest unit of the output produced by labor.

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Prince_ Adventure · Accepted Answer

Final Answer : B, Explanation :  The marginal product of labor is defined as the increase in output that results from employing an additional unit of labor, holding all other inputs constant. This concept is crucial in understanding how additional labor affects total production.

Marginal product of labor refers to the

A) last unit of output produced by labor at the end of each period.
B) increase in output resulting from employing one more unit of labor.
C) total output divided by the number of labor employed.
D) smallest unit of the output produced by labor.

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