The ratio of all resources to the goods and services produced is referred as A. productivity growth. B. multifactor productivity. C. single-factor productivity. D. labor productivity.

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Social Studies

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23 October, 03:28

The ratio of all resources to the goods and services produced is referred as A. productivity growth. B. multifactor productivity. C. single-factor productivity. D. labor productivity.

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Bryson Chapman · Answer 1

Multi-factor Productivity

Explanation:

Multi-factor productivity is a source through which real output measures per combined unit of labor, reflecting the contribution of all factors in production. If some change occurs in MPR then it will show the change in output that cannot be accounted for the change in combined input. MPR measures, new technologies, economies of scale, managerial skills and change in the production of an organization. Economist, health sector care MPR.