Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about employer.
How to calculate the marginal product of labor
To calculate the marginal product of labor you need to calculate the total output, calculate the total output with the addition of one extra worker, and calculate the marginal product of labor. Here are the steps and formula for calculating the marginal product of labor:
Calculate the total output
First, you must calculate the total output made by any given amount of employees.
Calculate the total output with the addition of one extra worker
Next, you need to add one more worker to the production process. Then repeat the first step again calculating the total output.
Calculate the marginal product of labor
The Manual Product of Labor (MPL) is equal to the change in total output divided by the change in the number of employees.
The formula for the marginal product of labor
Here is the calculator for the marginal product of labor in formula form:
MPL = (Total output with one additional employee - Total output) / (Change in a number of employees)
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
