If 40,000 worker-hours produced a total output of $600,000 in an economy, then the labor productivity is
A) $10/worker-hour.
B) $15/worker-hour.
C) $24/worker-hour.
D) $240/worker-hour.

Question

Quizplus · Accepted Answer

Labor productivity is calculated by dividing the total output by the total number of worker-hours. In this case, $600,000 divided by 40,000 worker-hours equals $15 per worker-hour.

If 40,000 Worker-Hours Produced a Total Output of $600,000 in an Economy