Marginal Product of Labor Calculator
Parameter | Description | Example Value |
---|---|---|
Change in Output (ΔQ) | The increase in the quantity of goods produced. | 50 units |
Change in Labor (ΔL) | The increase in the number of workers or labor hours. | 5 workers |
Marginal Product of Labor (MPL) | The additional output produced by one more unit of labor (Change in Output / Change in Labor). | 10 units/worker |