Solved

Economists Collect and Analyze Data on Output Per Worker and Output

Question 20

Multiple Choice

Economists collect and analyze data on output per worker and output per hour of work.What are they trying to measure by doing so?


A) the ratio of marginal products of factors
B) productivity
C) diminishing marginal returns
D) the principle of substitution
E) returns to scale

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: A very- long- run consideration that could

Q16: The figure below shows the isocost lines

Q17: When there is no other way of

Q18: In the long run,a profit- maximizing firm

Q19: FIGURE 8- 4 FIGURE 8-</p></div><svg width=

Q21: The long- run average cost curve is

Q22: The following table shows the marginal

Q23: Suppose that a firm is using 100

Q24: In the long run,decreasing returns to scale

Q25: For a firm with only two inputs,capital

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents