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Janzen Caponpon
on Nov 11, 2024

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In an iron and steel plant with 4 blast furnaces,40 laborers produce 160 tons of pig iron every day.The labor productivity in the firm is equal to _____.

A) 0.25 ton per worker
B) 4 tons per worker
C) 10 tons per worker
D) 0.1 ton per worker
E) 40 tons per worker

Labor Productivity

Output per unit of labor; measured as real GDP divided by the hours of labor employed to produce that output.

  • Calculate labor productivity and understand its implications in economic contexts.
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RJ
Rylea JohnsonNov 13, 2024
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