Which factors explain labor productivity?
A)technological change; the quantity of labor per hour worked
B)diminishing returns; the quantity of labor per hour worked
C)diminishing returns; the quantity of capital per hour worked
D)technological change; the quantity of capital per hour worked

Question

Quizplus · Accepted Answer

Technological change can significantly enhance labor productivity by making processes more efficient, while the quantity of capital per hour worked (such as machinery and tools) directly impacts the output each worker can produce in a given time.

Which Factors Explain Labor Productivity