Ask Question
Today, 04:35

Productivity is defined as the a. amount of goods and services produced from each unit of labor input. b. number of workers required to produce a given amount of goods and services. c. amount of labor that can be saved by replacing workers with machines. d. actual amount of effort workers put into an hour of working time.

+3
Answers (1)
  1. Today, 06:30
    0
    a.

    Explanation:

    Productivity is defined as the amount of goods and services produced from each unit of labor input. In other words how much of a product can be produced from a single effort of labor or employee. This is what determines a company's ability to make a profit, since they focus on producing the most product for the least input, allowing them to sell less of the product in order to meet the profitability margin.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Productivity is defined as the a. amount of goods and services produced from each unit of labor input. b. number of workers required to ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers