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16 March, 00:55

The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of

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  1. 16 March, 00:59
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    The total output produced by a firm divided by the quantity of workers employed by the firm is the definition of the average product of labor (APL) or only average product (AP). This parameter is used by economists to describe the relationship between inputs (i. e. factors of production) such as labor and the quantity of output that a firm can produce.
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