Total Product Is

question 74

Multiple Choice

Total Product 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.

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Definitions:

Interest Dispute

A disagreement about the terms to be included in a new collective agreement.

Certification

The process of officially recognizing someone as having a particular status or being qualified to perform a certain activity.

Rights Dispute

A disagreement about the meaning of a term in a collective agreement.

Lawful Picketing

The right of workers to protest or demonstrate at a place of employment or work-related location without violating legal statutes.