Whispering Valley Furniture hires five employees working eight hours each to produce 80 rocking chairs. Rocky Gap Furniture hires ten employees working eight hours each to produce 100 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
Q72: Rocky Gap Furniture hires ten employees working
Q73: A production function:
A) shows the output that
Q74: A production function says output per worker
Q75: Investment in human capital is important because:
A)
Q76: Whispering Valley Furniture hires five employees working
Q78: Which of the following is a source
Q79: If technology is held constant, an increase
Q80: Which of the following increases productivity?
A) increased
Q81: Which of the following would be an
Q82: Which of the following would have the
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