Marginal Product of Labor

on . Posted in Project Management Engineering

Marginal product of labor, abbreviated as MPL, is the additional production a company experiences by adding one unit of labor.


marginal product of labor Formula

\(\large{ MPL =  \frac{ PO }{ IL }   }\)
\(\large{ MPL }\) = marginal product of labor
\(\large{ IL }\) = change in input labor (final labor - initial labor)
\(\large{ PO }\) = change in production output (final production output - initial production output)


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