Average Product Is Equal to

question 84

Multiple Choice

Average product is equal to

• A) marginal product + total product.
• B) total product ÷ marginal product.
• C) total product ÷ quantity of labor.
• D) total product × quantity of labor.
• E) marginal product × quantity of labor.

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Definitions:

Provincial Legislation

Laws and regulations enacted by the legislative bodies of provinces or territories within a country.

Registration

The act of recording information or names officially, often for legal, official, or security purposes.

Snowmobile

A motorized vehicle designed for travel over snow, usually on runners with a treaded rear allowing for propulsion across snow-covered terrains.

Floating Charge

A debt security issued by a corporation in which assets of the corporation, such as stock-in-trade, are pledged as security. Until such time as default occurs, the corporation is free to dispose of the assets.