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Which of the following statements is TRUE concerning productivity? a. The partial productivity ratio measures the number of outputs produced per multiple input. b. Prices
Which of the following statements is TRUE concerning productivity? a. The partial productivity ratio measures the number of outputs produced per multiple input. b. Prices of inputs are incorporated in the partial productivity ratio. c. Productivity has increased when the partial productivity ratio is high. d. The lower the partial productivity ratio, the greater the productivity. e. The partial productivity ratio measures the amount of a single output produced with multiple inputs
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