The amount of output produced per unit of input used is referred to as ______.productivitymarginal costspecializationdivision of labor.
Question
Solution 1
The correct answer is productivity.
Explanation:
Productivity is defined as the measure of output produced per unit of input used in the production process. It can be quantified in various forms, such as labor productivity, which measures output per labor hour, or total productivity, which Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI
Similar Questions
What is output per labor-hour?Multiple choice question.ProductivityCapital-intensiveLabor-intensiveA factor of production
Productivity is defined by the formula of outputs divided by ______ for a specified period of time.Multiple choice question.laborinputsprocessescapital
The extra or additional cost associated with the production of an additional unit of output is the cost.
A company uses 200 workers and 50 units of capital to produce 1,000 units of output. Its average labor productivity isGroup of answer choices4.5.20.25.
Another term for factors of production isGroup of answer choicesoutputs.revenues.inputs.costs.profits.
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.