Question

discuss what marginal product of labour and total product of labour are and give an example illustrting what they are.

Answer 1

In economics, marginal product of labour (MPL) is the resultant change in the product or output due to employing that additional unit of labour keeping all other factors of production constant.

So it is calculated as change in total product divided by change in labour.


Total product of labour is the output amount in totality that a firm produces with all its workers. It is calculated by adding the marginal product.

Labour	total product (TP)	Marginal product (MPL)
0	0	-
1	3	3
2	7	4
3	12	5