If productivity of labour is 50 units and a firm has 5 workers. Calculate its total productivity.
Average Product = 50 units
Number of workers = 5
Total Product = AP x Number of Workers
= 50 x 5 = 250 units
If productivity of labour is 50 units and a firm has 5 workers. Calculate its total productivity.
Average Product = 50 units
Number of workers = 5
Total Product = AP x Number of Workers
= 50 x 5 = 250 units