Marginal Product of Labor Formula |
| \( MPL \;=\; \dfrac{ PO }{ IL }\) |
| Symbol |
| \( MPL \) = marginal product of labor |
| \( IL \) = change in input labor (final labor - initial labor) |
| \( PO \) = change in production output (final production output - initial production output) |
Marginal product of labor, abbreviated as MPL, is the additional production a company experiences by adding one unit of labor.
