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Which definition correctly describes labor productivity?

A. It is the total number of labor hours of a worker during a day.
B. It is the total amount of goods produced by a worker during one day of labor.
C. It is the total amount of goods produced by a worker during one hour of labor.
D. It is the total amount of wages paid to a worker for one day of labor.

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Final answer:

Labor productivity is the quantity of output produced with one unit of labor, measuring efficiency in production.


Explanation:

Labor Productivity Definition:

Labor productivity is the quantity of output produced with one unit of labor. It is a measure of how efficiently labor is used in the production process.

Examples:

  • If it takes 4 hours to produce one pound of cheese, then the labor productivity in cheese would be 0.25 pounds per hour of labor.
  • Labor productivity in wine would be calculated based on the amount of output (in this case, 3 kilograms of cheese and 10 liters of wine) that can be produced in one hour of labor.

Learn more about Labor Productivity here:

https://brainly.com/question/15400721


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