Widget corp. produced $10 billion worth of goods in the year 2016. if the company had 50 million hours of work in 2016, the productivity of the company is

The productivity of the company is $200 per work hour.

Explanation:

Productivity can be measured as the ratio of total output to a single input.

Total output in this case would be value of goods produced, which is 10*10^9 dollars.

Single input in this case would be labour measured in hours of work, which is 50*10^6 hr

Productivity of labor would be: 10*10^9 / (50*10^6) = 0.2*10^3 = $200/hr

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