Produce thirty units of product in a ten-hour day, Microeconomics

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Produce thirty units of product in a ten-hour day

Suppose a typical worker in India can produce 32 units of product in an eight-hour day, while a typical worker in Bangladesh can produce 30 units of product in a 10-hour day. We can conclude that

a. worker productivity in Bangladesh is higher than in India.
b. the standard of living will likely be higher in India than in Bangladesh.
c. productivity is 4 units per hour for the worker in Bangladesh and 3 units per hour for the worker in India.
d. there will be no difference between the standard of living in India and Bangladesh.

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Microeconomics: Produce thirty units of product in a ten-hour day

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Microeconomics: Produce thirty units of product in a ten-hour day

Reference No:- TGS064145

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Produce thirty units of product in a ten-hour day

Reference No:- TGS064145

Recent Questions Asked Microeconomics

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