The Marginal Product of Labor Is the

question 84

Multiple Choice

The marginal product of labor is the

• A) change in output resulting from a one-unit increase in labor with all other inputs remaining the same.
• B) maximum output attainable with fixed factors of production when labor is the only variable factor of production.
• C) output level above which the slope of the total product curve falls.
• D) output level above which the rate of total product per unit of labor falls.

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Definitions:

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