Last week a firm produced 1,780 units of its signature product. In producing those units, 2 employees worked 20 hours each. In units per labor hour, what was labor productivity?
Expert Answer
OUTPUT=1780 UNITS
LABOUR HOURS = 20 +20 =40 HRS
LABOUR PRODUCTIVITY = TOTAL OUTPUT / LABOUR HOURS = 1780 / 40=44.5 per labor hour