Productivity can be improved by:
A) increasing inputs while holding outputs steady.
B) decreasing outputs while holding inputs steady.
C) increasing inputs and outputs in the same proportion.
D) decreasing inputs while holding outputs steady.
E) none of the above.

Question

Quizplus · Accepted Answer

Decreasing inputs (such as reducing waste, improving processes, or automating tasks) while holding outputs steady is a common way to increase efficiency and productivity. This approach is often referred to as "doing more with less." Option A is not advisable because it may result in diminishing returns. Option B reduces output, which is not desirable. Option C may not be feasible as it assumes that the inputs and outputs have the same elasticity of substitution.

Productivity Can Be Improved By