In a given year, a production worker earns $30,000 for producing 1,500 units. If the firm can motivate this worker to increase productivity to 2,000 units, the per unit cost of production would be _____.
A) 20
B) 15
C) 5
D) 6.67

Question

Quizplus · Accepted Answer

Cost leadership can be achieved by increasing the size of the ratio: Number of units produced/Total cost of production

In a Given Year, a Production Worker Earns $30,000 for Producing