What is the average product of labor,given that the level of labor equals 10,total output equals 1200,and the marginal product of labor equals 200?
A) 20
B) 120
C) 6
D) 2,000

Question

Quizplus · Accepted Answer

The average product of labor is calculated by dividing the total output by the level of labor. So, with a total output of 1200 and a level of labor of 10, the average product of labor is 1200 / 10 = 120.

What Is the Average Product of Labor,given That the Level