Marginal Product of Labor

        

Marginal Product of Labor Formula

\( MPL =  PO \;/\; IL \)

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.