Both Tom and Jerry work eight hours a day.Tom can produce six baskets of goods per hour while Jerry can produce four baskets of the same goods per hour.It follows that Tom's

Question

Quizplus · Accepted Answer

Tom's productivity is greater than Jerry's because he can produce more baskets of goods per hour. Tom's output is greater than Jerry's because he works the same number of hours and produces more baskets of goods per hour. Tom's standard of living is higher than Jerry's because he can produce more goods and services to meet his needs.

Both Tom and Jerry Work Eight Hours a Day