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PaulKet PaulKet
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6 years ago
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.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
Read 67 times
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The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.

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6 years ago
B
PaulKet Author
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5 years ago
Thank you for helping me on my economics homework!
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
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