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The marginal product of labor can be defined as?

change in output/change in labor.


Formula for marginal product of labor?

Change in Quantity/ Change in Units of Labor.


Is indirect labor a variable cost?

If indirect labor change with the change of units of product then indirect labor is a variable cost. If change in the quantity of units has no impact on indirect labor cost then it is a fixed cost.


What states one reason why the labor market isn't a completely free?

Workers can't always change jobs when they want to.


How did slave labor change in Virginia in 1619?

slave labor has change Virginia by having struggles


What is the elasticity of labor?

The rate at which any change in labor effects demand of labor or supply.


What states one reason why the labor market isn't a completely free market?

Workers can't always change jobs when they want to.


How did the industrial revolution change the labor in Europe?

It increased the division of labor.


Did the industrial revolution change labor in Europe?

It increased the division of labor.


How can one determine the marginal product of labor in a production process?

To determine the marginal product of labor in a production process, you can calculate the change in output when one additional unit of labor is added. This can be done by dividing the change in output by the change in labor input. The marginal product of labor helps to understand how efficiently labor is contributing to the overall production.


How much labor to change knock sensor?

how much does it cost for labor to change a knock sensor in a 2002 toyota siennna van


What is the differences between Fixed Direct labor with variable direct labor?

Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.