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IgorC [24]
3 years ago
11

Labor productivity on the Cleveland Tools Inc. assembly line was 33 units per hour in 2019. In 2020, labor productivity was 35 u

nits per hour.
What was the productivity growth from 2019 to 2020?
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
7 0

Answer:

Productivity Growth = 6.1%

Explanation:

Productivity Growth = Current Productivity - Previous Productivity/ Previous Productivity

Productivity Growth = 35-33/33=2/33= 0.0606 or 0.061*100= 6.1%

Productivity Ratio =  Output/ Input

Labor Productivity=  No of Units/ No of Employees

A preferable approach to productivity measurement is to record multiple physical measures that capture the most important determinants of a company's productivity.

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Answer:

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Increasing returns would be a situation where a firm increases its workforce and other inputs by:
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