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7 October, 04:51

Marginal product is Multiple Choice the change in total output attributable to the employment of one more worker. total product divided by the number of workers employed. the change in total revenue attributable to the employment of one more worker. the change in total cost attributable to the employment of one more worker.

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  1. 7 October, 05:00
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    the change in total output attributable to the employment of one more worker.

    Explanation:

    Marginal product is defined as the additional number of product that can be manufactured bwhen there is additional input (for example labour). Businesses compare the marginal product and the addtitonal cost required to produce a product.

    If the additional cost is higher than the marginal product them there needs to be reduction in. Production to increase profit.

    If the added cost is lower thanargimal product then the business is making profits.
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