If Total Output Is $1,000 and Total Labor-Hours Are 20,labor

question 51

Multiple Choice

If total output is $1,000 and total labor-hours are 20,labor productivity is

• A)$20,000.
• B)$50.
• C)$20.
• D)$2,000.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Initial Public Offering

The first time a company's shares are offered to the public on a stock exchange, allowing it to raise capital from public investors.

Offering Price

The offering price is the price at which new shares of a company are made available to the public in an initial public offering (IPO) or other issuance.

Market Price

The current market price represents the cost at which a service or asset is presently available for purchase or sale.