Labor productivity is defined as

Question

Quizplus · Accepted Answer

Labor productivity is defined as the amount of output produced per hour of work. Option A is incorrect because it does not take into account the number of hours worked. Option C does not accurately represent labor productivity as it divides output by average hourly wage which is a measure of labor cost. Option D is irrelevant to labor productivity as it involves price and cost of output, which aren't directly related to labor productivity.

Labor Productivity Is Defined as