If 40,000 Worker-Hours Produced a Total Output of $600,000 in an Economy

question 108

Multiple Choice

If 40,000 worker-hours produced a total output of $600,000 in an economy, then the labor productivity is

• A) $10/worker-hour.
• B) $15/worker-hour.
• C) $24/worker-hour.
• D) $240/worker-hour.

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Definitions:

Estimated Residual Value

The projected value of an asset at the end of its useful life, used in calculating depreciation.

Straight-Line Basis

An approach to determine depreciation or amortization by equally distributing an asset's cost throughout its usable life.

Residual Value

The estimated value of an asset at the end of its useful life, often considered in depreciation calculations.