If the Units Produced by a Factory Decreased by 10

question 26

Multiple Choice

If the units produced by a factory decreased by 10% and the labor productivity decreased by 25%,then the labor hours __________.

• A)decreased by 15%
• B)increased by 15%
• C)increased by 17%
• D)increased by 20%

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Definitions:

Social Security Benefits

Government-provided financial support to eligible individuals, including retirees, disabled workers, and their families, funded through payroll taxes.

Information Asymmetry

A situation where one party in a transaction has more or superior information compared to another.

Technological Progress

The advancement of technology, leading to improved methods, products, or processes that enhance productivity and efficiency.

Rising Wages

An economic condition where the average wage level in an economy increases over time, potentially affecting inflation and purchasing power.