Which of the following statements correctly states the relationship between the per-unit production cost of output and productivity?
A)They are exact opposites, with slightly different wording.
B)They are similar.
C)They are not related.
D)They are exactly the same.

Question

Quizplus · Accepted Answer

The per-unit production cost of output and productivity are inversely related; as productivity increases, the per-unit production cost typically decreases, making them opposites in terms of their economic implications.

Which of the Following Statements Correctly States the Relationship Between