Marginal Product (MP) of Labor
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A Marginal Product (MP) of Labor is an Output (Economics) that ...
- AKA: Marginal Product of Labor.
- See: Physical Capital, Output (Economics), Labor Demand, Production Function.
References
2021
- (Wikipedia, 2021) ⇒ https://en.wikipedia.org/wiki/Marginal_product_of_labor Retrieved:2021-9-24.
- In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production function, and depends on the amounts of physical capital and labor already in use.