Marginal product is: Select one: a. the increase in total revenue attributable to the employment of one more worker. b. the increase in total cost attributable to the employment of one more worker. c. total product divided by the number of workers employed. d.

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10-06-2022
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Marginal product is: Select one: a. the increase in total revenue attributable to the employment of one more worker. b. the increase in total cost attributable to the employment of one more worker. c. total product divided by the number of workers employed. d.

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jayilych4real jayilych4real · Answer 1 · 2022-06-14T18:23:04+02:00

Marginal product is a. the increase in total revenue attributable to the employment of one more worker

What is Marginal Product?

This refers to the extra output that is gotten through the work of an additional worker.

Hence, we can see that when it comes to marginal product, it is the extra product that is gotten through the addition of another worker which leads to an increase in total revenue. Option A.

Read more about the marginal product here:

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