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Managerial Economics · Quiz 1 · 19 Jul 2026 · May 2026 term

Managerial Economics Quiz 1 19 Jul 2026 — Question 4

Question 4

+1 markOne correct option

The average product of labour (APL) is defined as

  1. A

    a firm’s total output divided by total labour input

  2. B

    the extra output produced by employing one more unit of capital while allowing other inputs to vary

  3. C

    the extra output produced by employing one more unit of capital while holding other inputs constant

  4. D

    the extra output produced by employing one more unit of labour while holding labour input constant

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Correct answer

  • A

    a firm’s total output divided by total labour input

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Question 4 of 22 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term (Managerial Economics 16 Jul 26). It carries 1 mark.

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