As Capital Per Worker Rises,output Per Worker Rises

question 5

True/False

As capital per worker rises,output per worker rises.However,the increase in output per worker from an addition to capital is smaller the larger the existing amount of capital per worker.

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Definitions:

Materials Cost

The total expense incurred for the materials that are used in the production of goods or services.

Purchase Order

A document generated by a buyer and sent to a seller specifying products or services to be purchased.

Sales Order

A document created by a seller upon the receipt of an order from a customer, detailing the products or services ordered and the terms of the sale.

Supplies Inventory

The stock of necessary supplies and materials held by a business for its daily operations or production activities.