If Average Labor Productivity Decreases, Then the Same Number of Employed

question 56

Multiple Choice

If average labor productivity decreases, then the same number of employed workers will always produce:

• A)more total output.
• B)more output per person.
• C)less total output.
• D)less output per person.

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Definitions:

LIFO

Last In, First Out, an inventory valuation method where the last items placed in inventory are the first ones sold.