Question

2. Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours follow. What is the labor productivity for each car?

Answer 1

Labor productivity:

1. Deluxe car = 0.2
2. Limited car = 0.2

Step-by-step explanation:

Labor productivity is obtained by dividing the quantities produced and sold (Output) with the total efforts of labor i-e- Labor hours (Input). To analyze that how effective the labor has been this approach is used/

Formula : LP = Quantities produced and sold(Output)/Labor Hours(Input)