Which of the following is the formula for the average product of labor?
A) F(L) - F(L - ∆L)
B) F(L)/L
C) F(L)/∆L
D) [F(L) - F(L - ∆L)]/∆L

Name: Which of the following is the formula for the average product of labor? A) F(L) - F(L - ∆L) B) F(L)/L C) F(L)/∆L D) [F(L) - F(L - ∆L)]/∆L
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Question

Quizplus · Accepted Answer

The formula for average product of labor is output (F(L)) divided by the quantity of labor input (L). Therefore, the correct option is B which is F(L)/L.

Which of the Following Is the Formula for the Average