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Author Question: Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is ... (Read 109 times)

cnetterville

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on: Apr 19, 2019

Question 1

Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. What is the value of labor productivity?


◦ 0.04 units per worker hour.
◦ 25 units per worker hour
◦ 125 units per worker hour.
◦ 1,000 units per worker hour.

Question 2

Suppose that output in an economy is 1,000 units and the number of hours worked in the economy is 40. If the economy enters an expansion, which of the following combinations of output and hours worked would best reflect the expansion?


◦ 1,000 units of output and 40 hours worked
◦ 1,200 units of output and 50 hours worked
◦ 1,600 units of output and 60 hours worked
◦ 1,800 units of output and 75 hours worked
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by cnetterville on Apr 19, 2019

essyface1

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cnetterville

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Wow, this really help

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