Question 1

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Accepted Answer

The answer of Phoenix furniture uses 12 workers, each working...

Question 2

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Accepted Answer

Productivity is a measure of output per unit of input, and in this case, the total hours worked and population remained constant in both Iberia and Aire. Therefore, if productivity grew more slowly in Iberia than in Aire over the last ten years, it means that real GDP per person grew more slowly in Iberia than in Aire. Option A is incorrect because we do not have information about the real GDP per person. Option C is also incorrect because we cannot infer the standard of living from the given information. Therefore, only option B is correct.

Question 3

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Accepted Answer

We can start by using the given productivity ratio to find the total hours of labor per day:

960 gallons / 12 gallons per hour = 80 hours

Since each milker works 8 hours per day, we can divide the total hours by 8 to find the number of milkers:

80 hours / 8 hours per milker = 10 milkers

Therefore, the answer is B, 10 milkers.

Question 4

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Accepted Answer

One employee works for 8 hours per day, which means they work for a total of 8 x 20 = 160 bags a day. To produce 2560 bags a day, Gramp's needs to employ 2560/160 = 16 employees. Therefore, the answer is B.

Question 5

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

Accepted Answer

The answer of Greg's Ice Cream produces 1120 gallons of...

Question 6

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Accepted Answer

Each barber works for 8 hours, so the total number of haircuts produced by a single barber in a day is:

8 hours/day x (2 haircuts/hour) = 16 haircuts/day

If there are N barbers in the shop, then the total number of haircuts produced in a day is:

192 haircuts/day = N x 16 haircuts/day

Solving for N, we get:

N = 12

Therefore, the shop employs 12 barbers.

Question 7

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

Accepted Answer

Productivity is calculated by output per unit of time. In this case, the output is 320 baseball bats and the time is 16 hours (2 workers x 8 hours per day). Therefore, productivity is 320/16 = 20 baseball bats per hour.

Question 8

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

Accepted Answer

The answer of Adam and Doug both build birdhouses. Adam...

Question 9

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

Accepted Answer

The answer of In one day Portal Computer Company made...

Question 10

Productivity is the

Accepted Answer

Productivity is the amount of output produced per unit of input. It is the key determinant of living standards because it allows for higher outputs with the same amount of inputs, leading to higher income and greater ability to consume goods and services. Growth in productivity is the key determinant of growth in living standards because it allows for sustained increases in output, income, and consumption over time.

Question 11

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Accepted Answer

The answer of Mary looks over reports on four of...

Question 12

Which of the following can explain faster growth of real GDP in country A than in Country B?

Accepted Answer

The answer of Which of the following can explain faster...

Question 13

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Accepted Answer

The answer of In one day Alpha Cabinet Company made...

Question 14

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Accepted Answer

The answer of Over the last ten years productivity grew...

Question 15

Suppose that real GDP grew more in Country A than in Country B last year.

Accepted Answer

The answer of Suppose that real GDP grew more in...

Question 16

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

Accepted Answer

The answer of Given that a country's real output has...

Question 17

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Accepted Answer

The answer of In one day Madison Laundry washed 4,000...

Question 18

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

Accepted Answer

The answer of Allied Business Consultants employs five researchers that...

Question 19

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Accepted Answer

The answer of You and your friend work together for...

Question 20

Productivity

Accepted Answer

The answer of Productivity
...

Quiz 12: Production and Growth

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

Productivity is the

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Which of the following can explain faster growth of real GDP in country A than in Country B?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Suppose that real GDP grew more in Country A than in Country B last year.

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Productivity

Quiz 12: Production and Growth

Phoenix furniture uses 12 workers, each working eight hours, to produce 192 rocking chairs. What is Phoenix's productivity?

Over the last ten years productivity grew more slowly in Iberia than in Aire while the population and total hours worked remained the same in both countries. It follows that

Miller's Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number of gallons of milk per hour. If the Dairy's productivity is 12 gallons of milk per hour of labor, then how many milkers does the shop employ?

Gramp's Potato Chips produces 2560 bags of potato chips a day. Each employee at Gramp's works 8 hours. If the company's productivity is 20 bags per hour, how many people does Gramp's employ?

Greg's Ice Cream produces 1120 gallons of ice cream per day. Each employed works seven hours and has productivity of 20 gallons an hour. How many employees does Greg's employ?

A barber shop produces 192 haircuts a day. Each barber in the shop works 8 hours per day and produces the same number of haircuts per hour. If the shop's productivity is 2 haircuts per hour of labor, then how many barbers does the shop employ?

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit­It's productivity?

Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?

In one day Portal Computer Company made 400 laptops with 1200 hours of labor. What was its productivity?

Productivity is the

Mary looks over reports on four of her workers. Jack made 30 baskets in 5 hours. Rudy made 32 baskets in 8 hours. Sam made 40 baskets in 12 hours. Walter made 22 baskets in four hours. Who has the greatest productivity?

Which of the following can explain faster growth of real GDP in country A than in Country B?

In one day Alpha Cabinet Company made 40 cabinets with 320 hours of labor. What was Alpha Cabinet Company's productivity?

Over the last ten years productivity grew faster in Mapoli than in Romeria while the population and total hours worked remained the same in both countries. It follows that

Suppose that real GDP grew more in Country A than in Country B last year.

Given that a country's real output has increased, in which of the following cases can we be sure that its productivity also has increased?

In one day Madison Laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. What was its productivity?

Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?

You and your friend work together for 4 hours to produce a total of 8 bookcases. What is productivity?

Productivity

Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is HitIt's productivity?