Multiple Choice
Refer to the following:
"Ford built 18 vehicles per auto employee in North America last year, while GM could only manage 12." (The Wall Street Journal)
-In comparison with GM, Ford had a higher
A) average product of labor.
B) average product of capital.
C) marginal product of labor.
D) marginal product of capital.
Correct Answer:
Verified
Correct Answer:
Verified
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