Productivity is defined as
A) the cost of a unit of output.
B) a measure of input used.
C) the efficient use of technology.
D) output per combination of two or more inputs.
E) a measure of output per unit of resource input.

Question

Quizplus · Accepted Answer

Productivity is a measure of output per unit of resource input, such as labor, capital, or time. It reflects the efficiency of the production process, and higher productivity generally indicates greater efficiency and profitability. Option A is incorrect, as it refers to unit cost rather than productivity. Option B is partially correct, as productivity is indeed a measure of input used, but it is specifically measured in relation to the output achieved. Option C is also partially correct, as effective technology use can contribute to productivity, but it is not the sole determinant. Option D is incorrect, as it only refers to output per input, whereas productivity takes into account the efficiency of resource use.

Productivity Is Defined as