A Company Uses 400 Workers and 100 Units of Capital

question 17

Multiple Choice

A company uses 400 workers and 100 units of capital to produce 2,000 units of output. Its average labor productivity is

• A) 25.
• B) 20.
• C) 5.
• D) 4.

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Definitions:

Steam Locomotives

Engines powered by steam that are used to pull trains on railway tracks, significant in the 19th and early 20th centuries.

Battle Sites

Geographic locations where military conflicts have taken place. These areas are often marked for their historical and educational value.

Marcus Spiegel

A Union officer during the American Civil War known for his letters detailing his experiences and viewpoints throughout the conflict.

German Immigrant

An individual who has relocated from Germany to another country, often contributing to the socio-economic and cultural fabric of the new community.