Which of the Following Describes the Marginal Product of Labor

question 68

Multiple Choice

Which of the following describes the marginal product of labor?

• A) It is the additional amount of consumer goods that can be bought from an additional hour's worth of work.
• B) It is the additional amount of inputs a firm demands based on a change in consumer demand for the output.
• C) It is the additional amount of output that can be produced from hiring one more worker.
• D) It is the decreasing amount of output that can be produced from hiring one more worker.
• E) It is the value of production from the last worker hired.

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