Which of the Following Will Result in an Increase in Labour

question 50

Multiple Choice

Which of the following will result in an increase in labour productivity?

• A)A decrease in the number of people attending institutions of higher education.
• B)A decline in the amount of human capital per worker.
• C)An increase in technology.
• D)A decline in the capital stock per hour worked.

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Definitions:

Breakeven Point

When the expenses and the revenue are equal, so that there is no profit or loss.

Expense Function

A mathematical expression that describes how costs change with variations in the volume of activity.

Expense Functions

Mathematical formulas used to describe the relationship between expenses and other variables such as production or sales volume.

Revenue Functions

Mathematical functions that represent the revenue generated by selling products or services as a function of their price or quantity.