A company uses 100 workers and 30 units of capital to produce 500 units of output. If this company increases its capital to 50 units and, as a result, its output increases by 300 units, the productivity of labor ________ to ________ units per worker.
A. decreases; 4
B. increases; 1
C. increases; 8
D. increases; 3
Answer: C
You might also like to view...
The increase in redistributive programs as a percentage of the government's budget has led to _____
a. a greater potential payoff for special interests b. a welfare bureaucracy dependent upon the existence of the redistributive program c. a concomitant rise in private charity d. a and b e. b and c
In many high-tech industries in the economy, such as computers, medical equipment, and automobiles,
A. price competition is utilized by firms more than innovation to compete with rivals. B. firms compete on the basis of innovation only; never engaging in price competition. C. innovation is utilized by firms to compete with rivals more than price competition. D. firms use price competition only; never engaging in innovation to compete with rivals. E. firms utilize innovation and price competition equally to compete with rivals.
The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: 
Given the above information, if X equals 20, what is the predicted value of Y?
A. -186.42 B. 186.42 C. -411.72 D. 165.69
Reverse engineering is the process of a firm buying other firms' products and:
A. copying them within the limits of law. B. copying them unlawfully. C. selling them in the black market for an exorbitant price. D. selling them in the market for a cheaper price than those firms do.