The Total Efficiency Units of Labor Is Obtained by ________

question 143

Multiple Choice

The total efficiency units of labor is obtained by ________.

• A) dividing the total physical capital stock of an economy by the total number of workers
• B) multiplying the total population of an economy by the average amount of capital available to each worker
• C) dividing the total number of workers in an economy by the average efficiency of each worker
• D) multiplying the total number of workers in an economy by the average efficiency of each worker

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Definitions:

Utility Patent

A form of intellectual property protection that covers new inventions or functional improvements to existing inventions.

Design Patent

A form of legal protection granted to the ornamental design of a functional item, preventing others from making, using, or selling the design.

Machine

A device or apparatus designed to perform a specific task, often powered by electricity, mechanical force, or manual effort.

Patent Tests

Assessments or criteria used to determine the patentability of an invention, including novelty, non-obviousness, and usefulness.