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24 September, 06:28

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?

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  1. 24 September, 06:34
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    Labor productivity:

    Deluxe car = 0.2 Limited car = 0.2

    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)
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