Suppose the aggregate production function is given by the following: Y = AN.Given this information,we know that labor productivity is represented by which of the following?

Question

Quizplus · Accepted Answer

Labor productivity is often represented by the output per worker. In the given production function Y = AN, A represents productivity per worker (or the effectiveness of each unit of labor), making B the correct answer.

Suppose the Aggregate Production Function Is Given by the Following