The amount of goods and services produced from each unit of labor input is called
A)opportunity cost.
B)productivity.
C)externality.
D)marginal benefit.

Name: The amount of goods and services produced from each unit of labor input is called A)opportunity cost. B)productivity. C)externality. D)marginal benefit.
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Question

Quizplus · Accepted Answer

Productivity refers to the efficiency of labor, measured by the amount of output produced per unit of input. Choices A, C, and D are not related to this concept.

The Amount of Goods and Services Produced from Each Unit