Marginal Product of Labour Is the Increase in Total Product

question 126

Multiple Choice

Marginal product of labour is the increase in total product that results from a

• A)one-unit increase in the quantity of labour employed,other inputs remaining the same.
• B)one-unit increase in the quantity of fixed inputs employed,holding the quantity of labour constant.
• C)$1 increase in the cost of labour.
• D)change in the total cost of labour.
• E)one-unit increase in the minimum efficient scale.

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