When a large amount of output is produced per unit of the input, the input is said to exhibit

a. high productivity.

b. low productivity.

c. marginal productivity.

d. derived productivity.

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Joshua StredderLv10

28 Sep 2019

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Related questions

Labor productivity is defined as

A) the amount of output per worker.

B) the amount of input per worker.

C) the amount of workers per unit of input.

D) the increase in output per unit of machinery.

brownprairie-dog550

1. If marginal cost is less than average total cost, then:

A. average total cost is increasing with output.
B. average total cost is decreasing with output.
C. average variable cost is increasing with output.
D. average variable cost is decreasing with output.

2. The law of diminishing marginal productivity:

A. states that as more and more of a variable input is added to an existing fixed input, after some point the additional output one gets from the additional input will fall.

B. states that as more and more of a variable input is added to an existing fixed input, after some point the additional output one gets from the additional input will rise.

C. explains why marginal costs of production fall as additional units of output are produced.

D. explains why average productivity always rises.