MICroeconomics: The average product of labor (APL) is:

Question

The average product of labor (APL) is:

 

A.total output divided by the number of workers employed

 

B.the change in total cost attributed to the increased output from employing an additional worker

 

C.the change in total revenue attributed to the increased output from employing an additional worker

 

D.the change in total output attributed to producing an extra unit of a good

 

E.the change in total output attributed to employing an additional worker

Answer 1

The average product of labor is the total product of labor divided by the number of units of labor employed, or Q/L. The average product of labor is a common measure of labor productivity. The APL curve is shaped like an inverted “u”.