What is the definition of productivity?
A) output produced per unit of input
B) output produced by a combination of two or more inputs
C) the cost of a unit of output
D) a measure of input used
E) the efficient use of technology
Correct Answer:
Verified
Q78: Q79: In the long run,decreasing returns to scale Q80: Q81: The figure below shows a family of Q82: A short-run average total cost curve and Q84: A very-long-run consideration that could change a Q85: The figure below shows a family of Q86: For many firms the LRAC curve is Q87: Suppose a shipping company employs 2000 workers,operates Q88: The figure below shows a family of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents