The Total Output Produced by a Firm Divided by the Quantity

question 182

Multiple Choice

The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of

• A)the marginal product of labour.
• B)the division of labour.
• C)the average product of labour.
• D)the average cost of production.

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Definitions:

Evaluative Adjectives

Adjectives used to express an assessment or judgment about the quality, value, or condition of someone or something.

Open-Minded

Means that a person is tolerant of divergent views and sensitive to the possibility of his or her own possible biases. An open-minded person respects the right of others to have different opinions.

One-Way Street

A situation or condition that allows movement or action in only one direction, often used metaphorically to describe a non-reciprocal relationship.

Acceptability

The quality of being accepted as appropriate, suitable, or worthy of approval.