Economics · Business Economics
The marginal product of labour is defined as the:
- 1Cost of employing labour for producing one more unit of output
- 2Change in total output resulting from using one additional unit of labour✓
- 3Change in total revenue from selling one more unit of output
- 4Change in total revenue from using one additional unit of labour
Correct answer
Change in total output resulting from using one additional unit of labour
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