Multiple Choice
A manager has just replaced three workers with a machine that is cheaper to operate than the cost of the three replaced workers. Output is expected to remain the same. Which of the following is true?
A) labor productivity will decrease
B) machine productivity will increase
C) multifactor productivity will decrease
D) multifactor productivity will increase
E) the value of output will decrease
Correct Answer:
Verified
Correct Answer:
Verified
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