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JAMB Economics 1980 Question 49

Question 49

Theory of Production

The marginal physical product of labour is

  1. A.the output of labour unaided by machinery
  2. B.the extra revenue from the output of one additional worker
  3. C.the difference in the output of two workers
  4. D.additional output achieved when one extra worker is added to fixed account of other factors
  5. E.none of the above.
Show the answer and explanation

Answer: D (additional output achieved when one extra worker is added to fixed account of other factors)

Explanation

Marginal product is the extra output from adding one more worker while other inputs stay fixed.