Respuesta :
Home specializes in the production of whiskey
- 2 lbs of candy whiskey
The quantity of products and services that a group of employees generate in a specific period of time is known as workforce productivity. It is one of a number of productivity metrics used by economists.
Physical capital, human capital, and technical advancement are the primary factors of worker productivity. These can also be seen as essential elements of economic development.
What can be done to increase labour productivity?
- By comparing input costs per unit and making the necessary changes to a farm's input mix (i.e., the proportions of labour, capital, and bought input costs), increasing physical capital per worker, and growing human capital per worker, labour productivity and efficiency may be increased.
To learn more about labour Productivity Click the links.
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Correct and Complete Question - Candy Whiskey
Home 2 lbs 4 gallons
Foreign 6 lbs 5 gallons
Which of the following statements is true?
Suppose that Home uses one hour of labor to produce whiskey. Then it trades that output for other good at a price ratio of Pc/Pw = 1.
