With a Fixed Amount of Capital, 300 Workers Produce 9,000

question 106

Multiple Choice

With a fixed amount of capital, 300 workers produce 9,000 cars. The average labor productivity is

• A) 0.03.
• B) 3.
• C) 27.
• D) 30.

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Definitions:

Net Assets

The difference between a company's total assets and its total liabilities, indicating the equity value in the company.

Contributed Services

Services provided by volunteers or donated resources that are typically not paid for but are recorded in the financial statements if they create or enhance a nonfinancial asset or require specialized skills.