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___________ refers to the amount of output generated with a given amount of input, e.g., number of pizzas produced per worker per hour.Select one:a. Technologyb. Productivityc. Efficiencyd. Telecommuting

Question

___________ refers to the amount of output generated with a given amount of input, e.g., number of pizzas produced per worker per hour.Select one:a. Technologyb. Productivityc. Efficiencyd. Telecommuting

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Solution

The correct answer is b. Productivity. This term refers to the amount of output generated with a given amount of input, such as the number of pizzas produced per worker per hour.

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The amount of output produced per unit of input used is referred to as ______.productivitymarginal costspecializationdivision of labor.

Productivity is output per worker hour.Group of answer choicesTrueFalse

What is the definition of productivity?Multiple choice question.Input per outputOutput per unit of inputProduction that is capital intensiveThe absolute quantity of inputs used in production

The productivity of workers is defined as theGroup of answer choicestotal output produced by the labor force.output produced by a worker per hour.number of hours a worker spends at work.number of workers needed to produce one day's volume of output.

Productive efficiency refers toMultiple Choicecost minimization, where P = minimum ATC.production at a level where P = MC.maximizing profits by producing where MR = MC.setting TR = TC.

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