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

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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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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