Solved

The Average Product of Labour Is Equal to the

Question 23

Multiple Choice

The average product of labour is equal to the


A) slope of the marginal product of labour curve.
B) total number of workers hired divided by the total product.
C) total product divided by the total number of workers hired.
D) Both answers B and C are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The average total

Q19: Joe quits his job as an insurance

Q20: Sheila's Sports Shop is a very popular

Q21: The marginal product and average product curves<br>A)

Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above

Q24: "Diminishing marginal returns" refer to a situation

Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above

Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above

Q27: Which of the following would be classified

Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -Cindy's Shirts' production