Which of the Following Workers Is the Most Productive

question 28

Multiple Choice

Which of the following workers is the most productive?

• A)$50 wages,10 parts produced
• B)$10 wages,1 part produced
• C)$30 wages,5 parts produced
• D)$100 wages,21 parts produced
• E)$500 wages,100 parts produced

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or business activity, such as materials and labor directly involved in manufacturing.

Lawn-mowing

The act of cutting the grass of a lawn to maintain its appearance and health.

Perfectly Competitive

A market structure where there are many buyers and sellers, all of whom have negligible impact on the market price.

Marginal Cost

The increment in total spending due to the manufacture of one more unit of a product or service.