Asked by
Russell Freeze
on Oct 12, 2024
Verified
If Max's output per hour were 50 in 1994 and 60 in 1995,how much would his marginal productivity be in 1995?
A) 10
B) 50
C) 55
D) 60
Output Per Hour
A measure of productivity calculated by dividing the total output of goods and services by the total hours worked.
Marginal Productivity
The additional output that is produced by adding one more unit of a particular input while holding all other inputs constant.
- Assess the effects of alterations in resource efficiency on the output of enterprises.
Verified Answer
BO
Learning Objectives
- Assess the effects of alterations in resource efficiency on the output of enterprises.
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