Average product of labour is

total product ÷ units of labourCorrect answerYour answerthe change in total product from one more workerCorrect answerYour answertotal product × units of labourCorrect answerYour answerthe output of the last workerCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

APₗ = TP ÷ L: output per worker.

Concept: Average product
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsTotal, marginal and average product

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter →

Ten questions from Production Function: TP, MP and AP, at your own pace.

Practise this chapter All 62 questions in Production Function: TP, MP and AP Revise the notes for Production Function: TP, MP and AP

Average product of labour is

Explanation