When a Bakery Manager Reports That at Her Bakery, Productivity

question 309

Multiple Choice

When a bakery manager reports that at her bakery, productivity of her 15 workers last month was 1,800 loaves per worker, she is referring to the

• A)total product of labor.
• B)average product of labor.
• C)marginal product of labor.
• D)total product of capital.

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Definitions:

National Defense

Government or collective actions and strategies intended to protect a country and its citizens from external threats and maintain territorial integrity and sovereignty.

Opportunity Cost

The amount of other products that must be forgone or sacrificed to produce a unit of a product.

Government Deficits

The financial shortfall when a government's expenditures exceed its revenues.

Domestic Output

The sum of the worth of all products and services generated inside the confines of a nation over a specific duration.