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.

Question

jerry roegner · Accepted Answer

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.

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

Definitions

Learning Objectives

Learning Objectives

Related questions

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.