Consider a simple economy whose only industry is fishing. in this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour.

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Business

Aileen Levine

19 May, 12:12

Consider a simple economy whose only industry is fishing. in this industry, productivity-the amount of goods and services a worker can produce per hour-is measured by the number of fish one fisherman catches per hour.

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Tatum · Answer 1

I think i is not right to base the productivity of the fisherman in per hour basis because fisherman goes to the sea and catch fish not on a daily basis. maybe the correct way to express it is per trip they go to the sea. because if it hourly basis then the productivity is very small.