Nancy's Nail Salon employs five workers. Each worker works eight hours per day. The five workers are able to serve 20 customers per day. The labor productivity is therefore ________ customer(s) per person/hour.
A. 0.5
B. 1
C. 2
D. 4
Answer: A
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Suppose Diego deposits $4,000 in his bank. If the reserve ratio is 10 percent, this will lead to a maximum increase of ________ in checking account balances throughout all banks
A) $0 B) $4,000 C) $10,000 D) $40,000
If Jennifer withdraws $750 from her savings account and deposits it in her checking account, then M1 will ________ and M2 will ________
A) increase; increase B) increase; decrease C) increase; not change D) not change; decrease
Which movie is an allegory about late 19th century monetary policy?
a. The Wizard of Oz b. Mary Poppins c. It's a Wonderful Life d. Trading Places
Which of the following would be most likely to improve the standard of living of a less-developed country?
What will be an ideal response?