Investments in Human Capital Quick Check

4 of 54 of 5 Items
Question
Which option represents the greatest labor productivity?(1 point)
Responses

the production of five toy cars in two hours
the production of five toy cars in two hours

the production of five toy cars in 2.5 labor hours
the production of five toy cars in 2.5 labor hours

the production of 20 toy cars in four hours
the production of 20 toy cars in four hours

the production of ten toy cars in ten labor hours
the production of ten toy cars in ten labor hours

1 answer

To determine which option represents the greatest labor productivity, we calculate the productivity for each scenario, which is often measured as the number of units produced per hour of labor.

  1. Production of five toy cars in two hours:

    • Productivity = 5 cars / 2 hours = 2.5 cars per hour
  2. Production of five toy cars in 2.5 labor hours:

    • Productivity = 5 cars / 2.5 hours = 2 cars per hour
  3. Production of 20 toy cars in four hours:

    • Productivity = 20 cars / 4 hours = 5 cars per hour
  4. Production of ten toy cars in ten labor hours:

    • Productivity = 10 cars / 10 hours = 1 car per hour

Now let's summarize the productivity rates:

  • First option: 2.5 cars per hour
  • Second option: 2 cars per hour
  • Third option: 5 cars per hour
  • Fourth option: 1 car per hour

The greatest labor productivity is from the third option: the production of 20 toy cars in four hours (5 cars per hour).