If labor productivity in a steel mine is 3.5 tons per worker, then 400 steel workers with a fixed amount of capital produce
A) 87.5 tons.
B) 1,400 tons.
C) 1,750 tons.
D) 4,000 tons.

Question

Quizplus · Accepted Answer

Labor productivity = 3.5 tons per workerNumber of workers = 400Total production = Labor productivity * Number of workersTotal production = 3.5 tons per worker * 400 workersTotal production = 1,400 tons

If Labor Productivity in a Steel Mine Is 3