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Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses
Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licensesView Video

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  5. Marginal Product of Labour

Marginal Product of Labour

Definition of 'Marginal Product of Labour'

The increase in output produced from a given capital stock when an additional worker is employed.

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Related Terms

Classical UnemploymentLabour InputSweated LabourDiminishing Marginal Rate of SubstitutionDistortionMarginal FirmMarginal Rate of SubstitutionMarginal UtilityMCCMEIMarginal Value Product of CapitalThe Law of Diminishing ReturnsAverage CostE-ProductGDPGNPDiscouraged WorkersLabour ForceParticipation RateRegistered Labour Force

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