Solved

The Average Product of Labor Is Equal to

Question 118

Multiple Choice

The average product of labor is equal to


A) total product divided by quantity of labor.
B) change in total product divided by quantity of labor.
C) total product divided by change in quantity of labor.
D) change in total product divided by change in quantity of labor.

Correct Answer:

verifed

Verified

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

Related Questions

Q113: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q114: The law of diminishing marginal product is

Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the

Q116: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q117: The marginal cost curve intersects<br>A) the average

Q119: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above

Q120: Marginal product and average product are measured

Q121: When output is 100 units, the firm's

Q122: Suppose that one worker can produce 15

Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above