Which of the following statements is true?
A)The lower the partial productivity ratio, the greater the productivity.
B)Productivity has increased when the partial productivity is high.
C)Prices of inputs are incorporated in the partial productivity ratio.
D)The partial productivity ratio measures the number of outputs produced per multiple input.

Question

Quizplus · Accepted Answer

Partial productivity measures the output produced per unit of a single input. A higher partial productivity ratio indicates that more output is being produced per unit of input, signifying increased productivity.

Which of the Following Statements Is True