___________ 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
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.
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