Output per hour of work is the definition of:_______
a. the marginal product of labor
b. increasing returns to labor
c. labor productivity
d. diminishing returns to labor

Respuesta :

When someone refers to the output per hour of work that is done, this is another way of talking about c. labor productivity.

What is labor productivity?

This refers to the amount of work that a worker is able to carry out within a period of time which is usually an hour. It can be calculated by dividing the units produced by the number of hours worked.

This therefore gives the output per hour of work. Labor productivity is best when it is high because it means that a company is producing more goods and services per hour.

The more goods and services produced, the more a company stand to make revenue when it sells these goods and services.

In conclusion, output per hour of work is called labor productivity.

Find out more on labor productivity at https://brainly.com/question/6430277

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