Which of the Following Is Correct

question 101

Multiple Choice

Which of the following is correct?

• A) Total output = labor productivity/worker-hours.
• B) Labor productivity = worker-hours/total output.
• C) Total output = worker-hours × labor productivity.
• D) Worker-hours = labor productivity × total output.

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Definitions:

Typical Day

A representation of a common or average day in a specific context, often used to illustrate the routine or daily activities of an individual or process.

Sales

The activities involved in selling products or services to customers.

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Costs

The cost incurred by producing one additional unit of a product, which typically includes materials and labor.