The _______ of nurses is represented as the total amount of medical services produced divided by the total amount of nurse-labor.

Question

Quizplus · Accepted Answer

The concept of average product is used to measure the productivity of labor in terms of the output produced per unit of input. Therefore, the answer is represented as the total amount of medical services (output) produced divided by the total amount of nurse-labor (input), which is the definition of average product. Marginal product measures the change in output due to a change in input, while marginal cost measures the cost of producing one more unit of output. Opportunity cost is the value of the next best alternative that must be given up in order to pursue a certain action. None of these concepts directly measure the productivity of labor.

The _______ of Nurses Is Represented as the Total Amount