Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct? Select one or more: a. With a standard production function, if L falls, without any change in technology or capital, labour productivity must rise b. A rise in labour productivity at the same time as a rise in employment is logically impossible c. A rise in labour productivity must imply job losses d. If Y is fixed a rise in labour productivity must imply job losses
Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct? Select one or more: a. With a standard production function, if L falls, without any change in technology or capital, labour productivity must rise b. A rise in labour productivity at the same time as a rise in employment is logically impossible c. A rise in labour productivity must imply job losses d. If Y is fixed a rise in labour productivity must imply job losses
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following statements about labour productivity (Y/L), also known as the average product of labour are correct?
Select one or more:
a.
With a standard production function, if L falls, without any change in technology or capital, labour productivity must rise
b.
A rise in labour productivity at the same time as a rise in employment is logically impossible
c.
A rise in labour productivity must imply job losses
d.
If Y is fixed a rise in labour productivity must imply job losses
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