The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of
A)the marginal product of labour.
B)the division of labour.
C)the average product of labour.
D)the average cost of production.

Question

Quizplus · Accepted Answer

The definition provided in the question is that of average product of labour. It is calculated as total output divided by the quantity of workers employed. Marginal product of labour is the change in output resulting from adding one more unit of labour, and is not the same as the average product. The division of labour refers to the specialization of tasks among workers in a production process, and is not directly related to output per worker. Average cost of production is the total cost divided by the quantity produced, and is not related to output per worker.

The Total Output Produced by a Firm Divided by the Quantity