If Q is total real output,K is capital in use,and L is labor employed,then _____ is the formula to calculate the productivity of labor.
A) K/L
B) L/K
C) Q/L
D) Q/K
E) (Q + K) /L
Correct Answer:
Verified
Q13: Which of the following factors can influence
Q14: Productivity measures:
A)how efficiently resources are turned into
Q15: Which of the following is the correct
Q16: Productivity is defined as:
A)the ratio of a
Q17: Labor cost on an average accounts for
Q19: Which of the following can expand the
Q20: Which of the following does not contribute
Q21: Joe runs a pizzeria at a busy
Q22: Which of the following implies a decline
Q23: An increase in the amount of capital
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