1. Total product per unit of labour is termed as_
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Marginal product of labor. From Wikipedia, the free encyclopedia. In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production function, and depends on the amounts of physical capital and labor already in use
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Marginal product of labor. From Wikipedia, the free encyclopedia. In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production function, and depends on the amounts of physical capital and labor already in use
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