The average product of labor is defined as:
A) the additional output produced by the last ∆L units of labor hired.
B) the amount of output divided by the amount of capital used to produce the output.
C) the amount of output produced multiplied by the last ∆L units of labor hired.
D) the amount of output divided by the number of workers employed.

Question

Quizplus · Accepted Answer

The average product of labor is the amount of output produced divided by the number of workers employed. Choice A describes marginal product of labor, choice B describes the capital-to-labor ratio, and choice C is not a valid measure of productivity.

The Average Product of Labor Is Defined As