What is output per labor-hour?Multiple choice question.ProductivityCapital-intensiveLabor-intensiveA factor of production
Question
Solution 1
The correct answer to the question "What is output per labor-hour?" is Productivity.
Explanation
- Definition of Productivity: In economic terms, productivity specifically measures the output of goods and services produced per hour of labor. It indicates how efficiently labor is being Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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