Microland has a population of 50 people;40 of them worked last year,with a total output of $200,000.The average labour productivity of Microland was equal to

Question

Quizplus · Accepted Answer

Average labor productivity is calculated by dividing total output by the number of workers.

Therefore, average labor productivity of Microland = Total output / Number of workers who worked last year

= $200,000 / 40

= $5,000

Hence, the correct answer is option E.

Microland Has a Population of 50 People;40 of Them Worked