Question: Process A creates output worth $10,000, using $2,000 of labor and $3,000 of capital (machinery). Process B creates output worth $10,000 using $3,000 of labor
Process A creates output worth $10,000, using $2,000 of labor and $3,000 of capital (machinery). Process B creates output worth $10,000 using $3,000 of labor and $2,000 of capital. Which has the higher labor productivity?
They are equal
A
B
Cannot be assessed
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