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22-03-2016
Social Studies

contestada

What is the term that describes an increase in output added by the most recent unit of input?
a. marginal utility
b. marginal supply
c. marginal demand
d. marginal product of labor

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Аноним Аноним

26-03-2016

The correct answer is d. marginal product of labor. In economics, the marginal product of labor (MPL) refers to the change in output that is the result after employing an added unit of labor. The productivity theory says that profit maximizing will hire workers up to the point of wage rate and marginal revenue products are equal.

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