Whispering Valley Furniture employs five workers working eight hours each to produce 80 rocking chairs.Rocky Gap Furniture employs 10 workers working eight hours each to produce 160 rocking chairs.Which company's workers are more productive?
A) Whispering Valley Furniture's workers are more productive.
B) Rocky Gap Furniture's workers are more productive.
C) The two companies' workers are equally productive.
D) It is not possible to determine which workers are more productive.
Correct Answer:
Verified
Q34: Technology
A) is a physical resource.
B) improves the
Q43: Joseph's Schumpeter's idea that waves of innovations
Q44: According to Joseph Schumpeter,what is the driving
Q45: Which of the following changes will NOT
Q54: Physical capital includes:
A) the physical talents of
Q69: Which of the following is NOT a
Q70: An increase in physical capital per worker
Q75: Investment in human capital is important because:
A)
Q78: Which of the following is a source
Q79: If technology is held constant, an increase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents