You are trying to choose between two stocks, Widget and Gadget. Widget has a current stock price of $30 and earnings per share o
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Answer:
The quota system is not efficient since the total supply is less than the equilibrium quantity. This will produce a deadweight loss which equals the lost supplier surplus plus the lost consumer surplus. The deadweight loss s the area between the demand and supply curve, and between the imposed quota and the equilibrium quantity.
Graph 1 shows the market equilibrium while graph 2 shows the deadweight loss.
Labour Productivity is basically the worth of goods produced by each labour or collectively in an hour, This can be expressed in the formula below:
Labour Productivity per hour of work=
In order to find worth of goods we shall use below Formula:
Worth of Goods= Sale Price per Unit*Number of Units Sold
In given case there are 2 types of goods sold as below
1. Proper Garments
Worth of Goods Sold= $210*78 Garments
Worth of Goods Sold=$16380
2. Seconds
Worth of Goods Sold= $100*54
Worth of Goods Sold= $5400
Total Goods Sold= $5400+$16380
Total Worth of Goods=$21780
Total Hours Worked= No of Workers*Hours Worked each Worker
Total Hours Worked= 8*45
Total Hours Worked=360 Hours
Labour Productivity=
Labour Productivity=$60.5 per Hour