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Last month a plant produced 10,000 units using 2000 labor hours. This month it produced 12,000 units using 3000 labor hours. What is the percent productivity decrease?
Psychology of Human Behavior
The study of individuals' thoughts, feelings, and behaviors and how they are influenced by physical, mental, social, and environmental factors.
Economics
The social science that studies the production, distribution, and consumption of goods and services, and how individuals, businesses, and governments make decisions on allocating resources.
Economic Issues
Problems or challenges facing an economy, ranging from unemployment to inflation, affecting the well-being of its citizens.
Median Voter Theorem
A theory that suggests the outcome of a majority vote is most likely to match the preferences of the median voter.
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