Productivity is the total value of all inputs to the transformation process divided by the total value of the outputs produced. True False

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Mathematics

Taylor Conley

5 November, 08:31

Productivity is the total value of all inputs to the transformation process divided by the total value of the outputs produced. True False

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Jamarcus Norris · Answer 1

False

Step-by-step explanation:Productivity is the conversion of total input into positive outcomes. it is calculated by dividing the output by the total cost involved in producing that product for a particular period.

It defined the efficiency of the production unit. higher productivity indicates a higher return to the corporation. Higher productivity means higher profit by selling more products in the market.