The Marginal Product of Labor Is The

question 175

Multiple Choice

The marginal product of labor is the:

• A)change in labor divided by the change in total product.
• B)slope of the total product of labor curve.
• C)change in average product divided by the change in the quantity of labor.
• D)change in output that occurs when capital increases by one unit.

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Definitions:

Feedback Input

In control systems, this is an input derived from the output of the system itself, used to adjust or control the system.

Desired Operating Point

The specific value or condition that a system or process is intended to achieve and maintain for optimal performance.

Communications Links

Physical or wireless connections between devices that allow for data exchange.

PLC Systems

Systems that use Programmable Logic Controllers for automation of industrial electromechanical processes.