Average Product of Labor Measures

question 2

Multiple Choice

Average product of labor measures:

• A)the addition to total output when an additional worker is hired.
• B)total product divided by total cost.
• C)the marginal product of the last worker multiplied by the wage rate.
• D)total product divided by the wage rate.
• E)total product divided by the quantity of labor.

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Definitions:

Compulsion

A strong, usually irresistible impulse to perform an act, especially one that is irrational or contrary to one's will.

Obsession

A persistent, unwanted, and intrusive thought or urge that causes significant anxiety or distress.

Phobia

An extreme or irrational fear or aversion to a particular object, situation, or activity, significantly impacting an individual's life.

Delusion

A false belief held with strong conviction despite superior evidence to the contrary, often occurring as part of a psychiatric condition.