wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When there is a production process the marginal product of labour equals which of the following?

A
Change in total ouput due to the additional labour input.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Total output minus the total labour inputs
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Total output multiplied by total labour input
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Additional output produced by labour inputs
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Change in total ouput due to the additional labour input.
Marginal product is defined as the change in total product resulting from one additional unit of a variable factor. In this case the variable factor is labour and thus, the marginal product of labour will be equal to change in total product due to an additional unit of labour.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Production Function
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon