Question

A factory produces $750,000 worth of an electronic devices in a month, with 1000 hours worked in total by all of its employees. What is the productivity in $/hr. 1pt Select one: a. 750$/hr b. 7555/hr c. 72005/hr d. 7255/hr Clear my choice

Answer 1

The factory workers make $750 for every hour they work.

Step-by-step explanation:

Let's pretend there's a factory where workers make electronic devices. In one month, they make electronic devices that are worth $750,000. During that month, all the workers combined worked for a total of 1000 hours.

Now, to find out how much money they make per hour, we need to divide the total value of the devices they made ($750,000) by the total number of hours they worked (1000).

When we do that math, we find out that they make $750 for each hour they work. So, their productivity is $750 per hour.

So, in simple terms, the factory workers make $750 for every hour they work. That's how much they produce in terms of value per hour.