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Author Question: An important source of increasing productivity is (Read 55 times)

ARLKQ

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Question 1

A company uses 100 workers and 30 units of capital to produce 500 units of output. If this company increases its capital to 50 units and, as a result, its output increases by 300 units, the productivity of labor ________ to ________ units per worker.


◦ increases; 8
◦ increases; 1
◦ increases; 3
◦ decreases; 4

Question 2

An important source of increasing productivity is


◦ an increase in the ratio of capital to labor.
◦ an increase in the ratio of labor to capital.
◦ a decrease in the ratio of capital to labor.
◦ faster growth in the labor force than in the capital stock.


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Marked as best answer by ARLKQ on Apr 19, 2019

Anna

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ARLKQ

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


Joy Chen

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Reply 3 on: Yesterday
:D TYSM

 

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