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Sagot :
Marginal product of labour is defined as output generated by adding 1 extra additional unit of labour. It is expressed as the ratio of change in total product to the change in total labour. Average product of labor is defined as the ratio of total product of labour to the number of labors.
So option C is the correct.
What is Marginal product of labour?
The change in output brought on by adding a new unit of labor is known as the marginal product of labor (MPL).It is a feature of the production function and is dependent on the current levels of physical capital and labor. The marginal product of a production factor is typically defined as the change in output produced by a unit or infinitesimal change in the quantity of that factor, while maintaining all other input consumption in the production process constant.
Costs of production are directly correlated with the marginal product of labor. Fixed and variable costs are separated in costs. The marginal product of labor is defined as the change in output (Y) per unit change in labor (L).
To learn more about marginal product of labor, visit:
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