what is marginal labour ,explained is 300 words
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Answer: 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.
Explanation:
The marginal product of a factor of production is generally defined as the change in output resulting from a unit or infinitessimal change in the quantity of that factor used, holding all other input usages in the production process constant.
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