The Marginal Product of Labour Is the Increase in Output

question 96

True/False

The marginal product of labour is the increase in output as a result of hiring an additional worker while the marginal revenue product of labour is the increase in profit as a result of hiring an additional worker.

---

Definitions:

Follicular Phase

Time between the end of menses and ovulation, characterized by rapid division of endometrial cells and development of follicles in the ovary; also called proliferative phase.

Ovarian Cycle

Series of events that occur in a regular fashion in the ovaries of sexually mature, nonpregnant females; results in ovulation and the production of the hormones estrogen and progesterone.

Ovarian Follicles

Structures within the ovaries that contain a developing egg and produce hormones involved in reproductive cycles.

Corpus Luteum

A temporary endocrine structure in female ovaries that produces progesterone after ovulation to regulate menstruation and early pregnancy.