Asked by
Shayma Alshehhi
on Nov 11, 2024
Verified
If Q is total real output,K is capital in use,and L is labor employed,then _____ is the formula to calculate the productivity of labor.
A) K/L
B) L/K
C) Q/L
D) Q/K
E) (Q + K) /L
Productivity Of Labor
Productivity of labor measures the output that is produced per unit of labor employed, reflecting how efficiently labor resources are utilized in the production process.
- Determine labor productivity and recognize its impact in economic environments.
Verified Answer
EC
Learning Objectives
- Determine labor productivity and recognize its impact in economic environments.