The Marginal Product of Labor (MPL)can Be Calculated from the Following

question 85

Multiple Choice

The marginal product of labor (MPL) can be calculated from the following ________.

• A)the labor share of income and the average output per unit of labor
• B)the labor share of income and average labor per worker
• C)output and labor
• D)the labor share of income and output
• E)none of the above

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Definitions:

Accounting Equation

The foundation of double-entry bookkeeping, which asserts that assets equal the sum of liabilities and shareholders' equity.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities; it represents the ownership interest of the shareholders or owner in the company.

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity.

Owner's Equity

The residual interest in the assets of a company after deducting its liabilities, representing the ownership's claim on assets.