Question

Productivity can be improved by a. increasing inputs while holding outputs steady b. increasing outputs while holding inputs steady c. increasing inputs and outputs in the same proportion d. increasing inputs while decreasing outputs e. none of the above

Answer 1

Answer:

The correct answer is letter "E": none of the above .

Explanation:

Productivity is an economic term that describes the relationship between outputs and inputs needed to produce those outputs. It is an efficiency factor. Typical inputs include raw materials, labor, and capital assets. Outputs are usually expressed as profits or total product units. Productivity is improved while using fewer inputs while holding outputs steady.