The Average Product of Labor Depends on How Many Units

question 138

Multiple Choice

The average product of labor depends on how many units of

• A)labor are used.
• B)capital are used.
• C)labor and capital are used.
• D)none of the statements associated with this question are correct.

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Definitions:

Intangible Assets

Non-physical assets that have value, such as patents, copyrights, trademarks, and goodwill.

Plant Assets

Long-term tangible assets that are used in the production or selling of goods and services and are not intended for sale.

Financing Activities

Transactions and events that affect the long-term liabilities and equity of a company, part of the cash flow statement.

Cash Dividend

A cash dividend is a payment made by a company out of its profits to shareholders in the form of cash, usually on a quarterly basis.