The Average Product of Labour Equals

question 29

Multiple Choice

The average product of labour equals

• A)the slope of the total product curve.
• B)the slope of the marginal product curve.
• C)the increase in total product divided by the increase in labour employed.
• D)total product divided by the quantity of labour employed.
• E)the difference between the total product and the marginal product of labour.

---

Definitions:

Self-Reference Effect

This refers to the tendency for individuals to better remember information that is personally relevant to them, making it more likely to be recalled than non-self-relevant information.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

Life Goals

Long-term aims that guide individuals' actions and decisions, shaping their life paths and personal fulfillment.

Personal Events

Significant occurrences in an individual's life that have personal importance or impact.