Introduction to Economics 1 Deneme Sınavı Sorusu #754065

Which of the following can be described as the additional output produced when a small amount of additional labor is employed with all other inputs remaining the same?


Marginal product of labor

Average product of labor

Total product of labor

Law of diminishing returns

Increasing marginal returns


Yanıt Açıklaması:

Marginal Product of Labor (MPL) is the additional output produced when a small amount of additional labor is employed with all other inputs remaining the same. More formally, it is the ratio of change in total product to the change in the amount of labor used (MPL = ΔTP / ΔL = ΔQ / ΔL). The correct answer is A.

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