# The marginal product of labor is the change in _____; and the marginal cost is the change in...

## Question:

The marginal product of labor is the change in _____; and the marginal cost is the change in _____.

A) average product from employing one more worker; average cost from employing one more worker

B) total revenue from employing one more worker; total cost from employing one more worker

C) total output from employing one more unit of capital; total cost from employing one more unit of capital

D) total cost from employing one more worker; total cost from producing one more unit of output

E) total output from employing one more worker; total cost from producing one more unit of output

## Marginal Analysis:

The study of marginal decision making was one the great breakthroughs in economics. It allowed us to model how rational parties such as firms and individuals make decisions which helps us understand how the overall economy works better.

## Answer and Explanation: 1

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View this answer**Answer: E**

The world marginal simply measures the change in whatever is being described by increasing inputs by one unit. Marginal cost thus measures...

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Chapter 3 / Lesson 47Discover what is marginal analysis and the marginal analysis definition. Explore marginal reasoning, marginal cost analysis, and the marginal analysis formula.

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