Productivity is the total value of all inputs to the transformation process divided by the total value of the outputs produced. True False

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01-02-2020
Mathematics

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Productivity is the total value of all inputs to the transformation process divided by the total value of the outputs produced. True False

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rejkjavik rejkjavik · Answer 1 · 2020-02-03T11:07:06+01:00

Answer:

False

Step-by-step explanation:Productivity is the conversion of total input into positive outcomes. it is calculated by dividing the output by the total cost involved in producing that product for a particular period.

It defined the efficiency of the production unit. higher productivity indicates a higher return to the corporation. Higher productivity means higher profit by selling more products in the market.