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melamori03 [73]
3 years ago
12

During the first week of October, the workers at Walton's Widget Factory produced the following outputs: on Monday, 10 workers p

roduced 250 widgets; on Tuesday, 11 workers produced 286 widgets; on Wednesday, 13 workers produced 364 widgets; on Thursday, 14 workers produced 396 widgets; and on Friday, 12 workers produced 324 widgets. What is the average product of labor per day?
Business
1 answer:
EleoNora [17]3 years ago
8 0

Answer:

The average product of labor per day is 324

Explanation:

To find the average product of labor per day we need to know the total number of widgets produced divided by the worked days.

Average Product= total number of widgets /days

Monday, 10=250 widgets

Tuesday, 11=286 widgets

Wednesday, 13 =364 widgets

Thursday, 14 workers= 396 widgets

Friday, 12 workers=324 widgets

TOTAL WIDGETS= 250+286+364+396+324=1620

Days= 5 days

Average Product= 1620/5=324

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It is true that the general increase in prices over time we pay for goods and services is known as inflation.

<h3>What is inflation?</h3>

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