Enter the total change in output and change in labor. The calculator will evaluate and display the marginal product of labor.
Marginal Product of Labor Formula
The following equation is used to calculate the marginal product of labor.
MPL = O / L
- Where MPL is the marginal product of labor
- O is the change in output
- L is the change in labor
What is marginal product of labor?
The marginal product of labor is a ratio of the change in output that occurs with a change in labor. It measures how much output changes with changing labor forces. In ideal situations, an increase in labor would yield an increase in output. This will yield a ratio greater than 1.
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