In an Assembly Operation at a Furniture Factory,six Employees Assembled

question 16

Multiple Choice

In an assembly operation at a furniture factory,six employees assembled an average of 450 standard dining chairs per 5-day week.What is the labour productivity of this operation?

• A) 90 chairs/worker/day
• B) 20 chairs/worker/day
• C) 15 chairs/worker/day
• D) 75 chairs/worker/day
• E) None of the choices are correct.

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Definitions:

Hourly Wage Rate

The amount of money paid for each hour of work, commonly used to compensate employees in many occupations.

Marginal Utility

The augmented enjoyment or usefulness that comes from the consumption of an additional unit of a product or service.

Optimal Labor Supply

The amount of labor hours that maximizes an individual's or firm's net benefits or utility.

Worth of Goods

The total value or market price of all goods considered or evaluated.