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.

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Business

Barron

8 April, 16:18

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.

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Tanya Hahn · Answer 1

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.