Average Productivity of Labor Equals

question 88

Multiple Choice

Average productivity of labor equals

• A)the change in output divided by the change in labor.
• B)output divided by the MPP of labor.
• C)output divided by marginal cost.
• D)output divided by the quantity of labor.
• E)the quantity of labor divided by output.

---

Definitions:

Net Income

The total profit of a company after all expenses, taxes, and deductions have been subtracted from total revenue; also known as net profit or net earnings.

Asset Management

The systematic process of operating, maintaining, and upgrading assets cost-effectively, often referring to financial investments.

Resources Efficiency

The strategic use of materials and energy to maximize productivity while minimizing waste and environmental impact.

Minimum Cost

The lowest possible expenditure required to achieve a specific outcome or maintain a certain standard of quality or efficiency.