What is the best measure of labour productivity in this economy? Fish caught per hour spent...

 

Transcribed Image Text:

What is the best measure of labour productivity in this economy? Fish caught per hour spent fishing Fish caught per fishing boat Fish caught per citizen Fish caught per year The leader of the country decides how many people should fish each day, and how many fishing boats the country should have. Suppose she suggests increasing the number of fishing boats on the island without changing the number of people assigned to fishing. The effect of this policy would be the per-worker production function, resulting in in capital per worker and output per worker. in What is the best measure of labour productivity in this economy? Fish caught per hour spent fishing Fish caught per fishing boat Fish caught per citizen Fish caught per year The leader of the country decides how many people should fish each day, and how many fishing boats the country should have. Suppose she suggests increasing the number of fishing boats on the island without changing the number of people assigned to fishing. The effect of this policy would be the per-worker production function, resulting in in capital per worker and output per worker. in

Answer rating: 100% (QA)

What is the best measure of labour productivity in this economy Answer Fish caught per hour spent fi... View the full answer