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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 total productivity (based on the factors given)?
They are equal | ||
Cannot be assessed | ||
B | ||
A |
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