What Is the Definition of Marginal Product of Labour

question 98

Multiple Choice

What is the definition of marginal product of labour?

• A) the total output divided by the total labour utilized
• B) the change in total output divided by the change in labour, other factors of production held constant
• C) the change in profit divided by the change in labour, other factors of production held constant
• D) the change in labour utilized divided by the change in total output, other factors of production held constant

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Definitions:

Interpersonal Rewards

Benefits or positive outcomes that arise from social interactions, including emotional support, companionship, and shared activities.

Moral

This pertains to principles or rules of conduct that are regarded by a particular group or culture as governing the distinction between right and wrong or good and bad behavior.

Self-Monitoring

A psychological trait that allows individuals to adjust their behavior to fit the surrounding social environment.

Internal Attributions

Attributing personal behaviors and outcomes to internal or personal factors.