Asked by
celyna garcia
on Oct 12, 2024Verified
Productivity is _________ per unit of __________.
A) output;input
B) input;output
C) labor;capital
D) None of these choices are true.
Productivity
A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in a production process.
Per Unit
A measurement specific to one unit of a good or service, indicating cost, price, or quantity related to a single unit.
Output
The total amount of goods or services produced by a company or country.
- Examine the influence of productivity and the price of final products on resource demand.
Verified Answer
JZ
Learning Objectives
- Examine the influence of productivity and the price of final products on resource demand.