A factory initially produces 500 units with 10 workers. After introducing new equipment, it produces 480 units with 8 workers. Which statement is correct?
Production and labour productivity have both fallen
Production has fallen, but output per worker has risen from 50 to 60 units
Production has risen, but output per worker has fallen
Output per worker is unchanged because fewer workers are employed
30 exam-style questions on OCR GCSE Economics 2.6 Production, covering 2.6.1 Role of producers, 2.6.2 Importance of production and productivity, 2.6.3 Calculate cost, revenue, profit and loss, 2.6.4 Explain cost, revenue, profit and loss, 2.6.5 Cost, revenue and profit for producers, and 2.6.6 Economies of scale. Each one has a worked solution and a mark scheme showing where the marks go.