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Author Question: A company uses 200 workers and 50 units of capital to produce 1,000 units of output. Its average ... (Read 145 times)

geodog55

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Question 1

Labor productivity increases when


◦ labor and output increase proportionately.
◦ capital increases and labor remains constant.
◦ output decreases and labor increases.
◦ capital/labor ratio decreases.

Question 2

A company uses 200 workers and 50 units of capital to produce 1,000 units of output. Its average labor productivity is


◦ 4.
◦ 5.
◦ 20.
◦ 25.


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Marked as best answer by geodog55 on Apr 19, 2019

elizabethrperez

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