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2. Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours follow. What is the labor productivity for each car?
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2. Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours follow. What is the labor productivity for each car?

User Johndoe
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Answer:

Labor productivity:

  1. Deluxe car = 0.2
  2. Limited car = 0.2

Step-by-step explanation:

Labor productivity is obtained by dividing the quantities produced and sold (Output) with the total efforts of labor i-e- Labor hours (Input). To analyze that how effective the labor has been this approach is used/

Formula : LP = Quantities produced and sold(Output)/Labor Hours(Input)

User Andrfas
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