Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they produced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan’s bakery, productivity Select one: a. Increased by 24.50 percent between 2006 and 2007. b. Increased by 3.75 percent between 2006 and 2007. c. Increased by 2.33 percent between 2006 and 2007. d. Decreased by 2.33 percent between 2006 and 2007.
Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they produced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan’s bakery, productivity Select one: a. Increased by 24.50 percent between 2006 and 2007. b. Increased by 3.75 percent between 2006 and 2007. c. Increased by 2.33 percent between 2006 and 2007. d. Decreased by 2.33 percent between 2006 and 2007.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they produced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan’s bakery, productivity
Select one:
a. Increased by 24.50 percent between 2006 and 2007.
b. Increased by 3.75 percent between 2006 and 2007.
c. Increased by 2.33 percent between 2006 and 2007.
d. Decreased by 2.33 percent between 2006 and 2007.
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