The higher the measurement of productivity, the higher the likely costs of production.

Name: The higher the measurement of productivity, the higher the likely costs of production.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is false. Higher productivity can actually lead to lower costs of production because more output is being produced with the same amount of resources, resulting in economies of scale and potentially lower unit costs.

The Higher the Measurement of Productivity, the Higher the Likely