UNIT 1: Basic Economic Concepts

A contractor determines that the unit productivity for painting a wall is 0.55 hour per m2. If the local wage rate including burden and fringe benefits is LE30 per hour, the unit labor cost becomes LE16.50 per m2. If the wage rate is LE20 per hour, the unit labor cost becomes LE11 per m2. In addition, productivity performance between ................
................