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 defined as the ratio of output to the number of workers used to produce that output. It is calculated by dividing the total output by the number of workers. For example, if a firm produces 100 units of output using 10 workers, the average product of labor would be 10 units per worker (100/10).

The Average Product of Labor Is