Asked by Parker Daniell on May 30, 2024
Verified
Each day Lea works 7 hours and produces 9 units of goods and services. Clara works 11 hours each day and produces 10 units of goods and services. It follows that
A) Lea's productivity is higher than Clara's.
B) Clara's productivity is higher than Lea's.
C) Lea's income per hour will be higher than Clara's.
D) Lea's income per day will be higher than Clara's.
Productivity
A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.
Goods and Services
The output produced by economic systems, where goods are physical items and services are intangible activities provided to consumers.
- Evaluate the impact of human capital, productivity, and technological progress on economic well-being.
Verified Answer
ST
Steve TorresMay 30, 2024
Final Answer :
A
Explanation :
Lea's productivity is 9 units/7 hours = 1.29 units per hour, while Clara's productivity is 10 units/11 hours = 0.91 units per hour. Therefore, Lea's productivity is higher.
Learning Objectives
- Evaluate the impact of human capital, productivity, and technological progress on economic well-being.