Marginal Product of Labor: Definition, Formula & Example

Instructions:

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question 1 of 3

A change in output when additional labor is added is called what?

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1. To calculate marginal product of labor, you divide change in total product by change in what?

2. What happens to all other factors in marginal product of labor?

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About This Quiz & Worksheet

This quiz/worksheet combo will test your understanding of marginal product of labor and its influence on production.

Quiz & Worksheet Goals

In these assessments, you will be quizzed on the following:

  • How to calculate marginal product of labor
  • What occurs to all other factors in marginal product of labor
  • The change in output as additional labor is created

Skills Practiced

  • Information recall - access the knowledge you've gained regarding how a company calculates its marginal product of labor to understand its increase in production
  • Knowledge application use your knowledge to answer questions about the impact of marginal production on other factors involved in labor
  • Interpreting information - verify that you can read information regarding what happens when a company changes its output and adds more workers to a production and interpret it correctly.

Additional Learning

To enhance your study on this subject, review the lesson called Marginal Product of Labor: Definition, Formula & Example. The lesson will cover the following areas:

  • The definition of marginal product of labor in production
  • A beginning look at marginal product of labor
  • The formula companies use to calculate marginal product of labor to meet production demands
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