Which of the Following Is the Formula for the Marginal

question 19

Multiple Choice

Which of the following is the formula for the marginal product of labour?

• A) F(L) - F(L - ∆L)
• B) F(L)/L
• C) F(L)/∆L
• D) (F(L) - F(L - ∆L))/∆L

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Definitions:

African Americans

A term referring to citizens or residents of the United States who have ancestry from native populations of Africa.

Crowding Model

An economic theory that describes how public sector employment can impact wages and employment levels in the private sector.

Occupational Segregation

The crowding of women or minorities into less desirable, lower-paying occupations.

Domestic Output

The sum of the value of all products and services made within the confines of a country during a particular time frame.