Asked by Donna Pollock on Jun 09, 2024
Verified
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.
Total Product
The total amount of goods or services produced by a firm or an economy at a given level of resource utilization.
- Ascertain the average output under predetermined circumstances.
Verified Answer
JR
jerry roegnerJun 09, 2024
Final Answer :
B
Explanation :
The productivity of 1,800 loaves per worker is a measure of the average product of labor, which is calculated by dividing the total output (in this case, loaves of bread) by the number of workers.
Learning Objectives
- Ascertain the average output under predetermined circumstances.