Question

Both Arnold and Will work 10 hours a day. Arnold can produce six baskets of goods per hour while Will can produce four baskets of the same goods per hour. It follows that Arnold'sa. productivity is greater than Will's.b. output is greater than Will's.c. standard of living is higher than Will's.d. All of the above are correct.

Answer 1

d. All of the above are correct.

Step-by-step explanation:

productivity : measures the rate at which the worked produce.

Will produce at 4 per hour

While Arnold produce at 6 per hour

Arnold productivity is higher.

output: it will refer to the basket produced.

Arnold output is 10hours x 6 per hour= 60

Will outpu is 10 hours x 4 per hour = 40

Arnold output is higher.

Both work the same amount of time, but Arnold generates more goods, so their living standard will be higher than Will. This is assuming both started at some point in equal condition, the higher output of Arnold will come into play and generate a better living for him.