Marginal product of labor

In economics, the marginal product of labor (MP_L) is the change in output that results from employing an added unit of labor.^[1] It is a feature of the production function and depends on the amounts of physical capital and labor already in use.

^ O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, NJ: Pearson Prentice Hall. p. 108. ISBN 0-13-063085-3.

[1] O'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, NJ: Pearson Prentice Hall. p. 108. ISBN 0-13-063085-3.

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