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

Question

Quizplus · Accepted Answer

The formula for the average product of labour is the total output (F(L)) divided by the total amount of labour (L) employed to produce that output, therefore B is the correct choice. The other options are either incorrect or not applicable to the calculation of average product of labour.

Which of the Following Is the Formula for the Average