4. In an imaginary economy of Cotton Land, 190,000 tons of cotton were produced in a day. The number of people who were involved in this production was 4500 and each of them worked for 8 hours. Further, there are 50 companies that employed these people in their processing plants. Calculate the productivity of this economy.
4. In an imaginary economy of Cotton Land, 190,000 tons of cotton were produced in a day. The number of people who were involved in this production was 4500 and each of them worked for 8 hours. Further, there are 50 companies that employed these people in their processing plants. Calculate the productivity of this economy.
Chapter1: Making Economics Decisions
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Transcribed Image Text:4. In an imaginary economy of Cotton Land, 190,000 tons of
cotton were produced in a day. The number of people who were
involved in this production was 4500 and each of them worked
for 8 hours. Further, there are 50 companies that employed
these people in their processing plants. Calculate the
productivity of this economy.
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