When labor is the variable input, the average product equals the:
A) marginal product divided by the number of workers.
B) marginal product multiplied by the number of workers.
C) number of workers divided by the quantity of output.
D) quantity of output divided by the number of workers.

Question

Quizplus · Accepted Answer

The average product of labor is calculated by dividing the total quantity of output by the number of workers.

When Labor Is the Variable Input, the Average Product Equals