ECO365 Week 2 Discussion 1

ECO 365 Week 2 DQ 1
Using applicable examples, compare and contrast average productivity of labor and marginal productivity of labor. In doing so, explain the relationship between marginal and average productivity of labor. What would happen to marginal and average productivity of labor if a technological innovation is introduced to the production process? 

ECO365 Week 2 Discussion 1

Using applicable examples, compare and contrast average productivity of labor and marginal productivity of labor. In doing so, explain the relationship between marginal and average productivity of labor. What would happen to marginal and average productivity of labor if a technological innovation is introduced to the production process? A company's productivity is quite basically the amount of work that they are able to produce during ...