RiyaTailz9338 RiyaTailz9338

03-04-2020
Business

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The marginal product of labor can be defined as the change in a. profit divided by the change in labor. b. output divided by the change in labor. c. labor divided by the change in output. d. labor divided by the change in total cost.

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henrydesanta henrydesanta

03-04-2020

Answer:

The correct answer is b. output divided by the change in labor.

Explanation:

The marginal product means the additional units of production that are added to the total production when the labor is increased by 1 unit and is a measure of production efficiency.

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