The number of effective workers takes into account the number of workers and the: a) amount...

The number of effective workers takes into account the number of workers and the:

a) amount of capital available to each worker

b) rate of growth of the number of workers

c) efficiency of each worker

d) saving rate of each worker

Solutions

Expert Solution

Effective number of workers is calculated as follows -

Effective number of workers = Number of actual workers (L) * Efficiency of each worker (E)

So,

Effective number of workers = L * E

Thus,

The number of effective workers takes into account the number of workers and the efficiency of each worker.

Hence, the correct answer is the option (c).

Rahul Sunny answered 1 year ago

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