The Average Product of Labor is
A) the change in total product resulting from an extra unit of labor, holding other factors constant.
B) the ratio of output to the number of workers used to produce that output.
C) the amount of output that can be produced by a given amount of labor.
D) equal to the marginal product of labor when the average product is increasing.

Question

Quizplus · Accepted Answer

The average product of labor is calculated by dividing the total output by the number of workers used to produce that output. It represents the average contribution of each worker to the production process. Option A describes the marginal product of labor, option C describes labor productivity, and option D refers to the relationship between marginal and average product.

The Average Product of Labor Is