The marginal product of labor is the increase in the amount of output from an additional...

The marginal product of labor is the

increase in the amount of output from an additional unit of labor.

total amount of output divided by the total units of labor.

marginal revenue product minus the wage paid to the worker.

None of the above is correct.

Expert Solution

increase in the amount of output from an additional unit of labor.

The MPL is the change in total output because of an additional unit of labor input.

Rahul Sunny answered 2 years ago

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