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disa [49]
3 years ago
12

Widget Corp. produced $10 billion worth of goods in the year 2016. If the company had 50 million hours of work in 2016, the prod

uctivity of the company is _____.
Business
1 answer:
FromTheMoon [43]3 years ago
7 0

Answer:

The productivity of the company is $200 per work hour.

Explanation:

Productivity can be measured as the ratio of total output to a single input.

Total output in this case would be value of goods produced, which is 10*10^9 dollars.

Single input in this case would be labour measured in hours of work, which is 50*10^6 hr

Productivity of labor would be: 10*10^9 / (50*10^6) = 0.2*10^3 = $200/hr

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