Dilbert's Incorporated Produced 5,000,000 Units of Accounting Software in 2010

question 107

Multiple Choice

Dilbert's Incorporated produced 5,000,000 units of accounting software in 2010.At the start of 2011 the pointy-haired boss reduced total annual hours of employment from 10,000 to 8,000 and production was 4,800,000.These numbers indicate that productivity

• A)fell by 4%.
• B)fell by 20%.
• C)rose by 12%.
• D)rose by 20%.

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Definitions:

Premium Products

Goods of higher quality and price than regular items, often offering superior performance or prestige.

Higher Costs

Situations where the expenses associated with producing goods or services increase, which can impact profit margins and overall profitability.

Increased Quality

The enhancement or improvement of product standards, performance, or service over time.

Price Elastic

Refers to how sensitive the demand for a good is to changes in its price.