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JAMB Economics 1997 Question 9

Question 9

Theory of Production

Labour productivity is the ratio of

  1. A.labour to output
  2. B.man-hours to output
  3. C.output to man-hours
  4. D.average product to man-hours.
Show the answer and explanation

Answer: C (output to man-hours)

Explanation

Labour productivity is output per unit of labour, i.e. output divided by man-hours worked.