Suppose a Typical Worker in India Can Produce 32 Units

question 24

Multiple Choice

Suppose a typical worker in India can produce 32 units of product in an eight-hour day,while a typical worker in Bangladesh can produce 30 units of product in a 10-hour day.We can conclude that

• A)worker productivity in Bangladesh is higher than in India.
• B)the standard of living will likely be higher in India than in Bangladesh.
• C)productivity is 4 units per hour for the worker in Bangladesh and 3 units per hour for the worker in India.
• D)there will be no difference between the standard of living in India and Bangladesh.

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Definitions:

Absolute Value

the non-negative value of a number without regard to its sign, essentially the distance of a number from zero on the number line.

Convex Preferences

A consumer preference pattern indicating that mixtures or combinations of goods are preferred over individual goods, showing a preference for diversification.

Consumption Bundle

A combination of various goods and services that a consumer chooses to purchase.

Units Of Y

A measure or quantity of a variable \"Y\", often used in economic and mathematical models to quantify something.