The Marginal Product of Labour Is Defined as

question 14

Multiple Choice

The marginal product of labour is defined as

• A) the amount of output produced by a given labour force
• B) the minimum amount of workers required to produce a given level of output
• C) the increase in productivity of the marginal worker if capital is increased
• D) the amount of output one more worker could produce given other factors of production are fixed
• E) the cost of employing another worker

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Definitions:

Salary and Commission

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The concern and attention to detail that business owners have towards their companies, employees, and customers.

Branding Message

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