Concept of Total, Average And Marginal Productivity - SS2 Economics Past Questions and Answers - page 1
1
What is total productivity?
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A
The amount of output produced per unit of input.
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B
The change in output that results from a change in the level of input.
C
The total amount of output that is produced by all inputs.
2
What is average productivity?
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A
The amount of output produced per unit of input.
Â
B
The change in output results from a change in the level of input.
C
The total amount of output that is produced by all inputs.
3
What is marginal productivity?
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A
The amount of output produced per unit of input.
Â
B
The change in output that results from a change in the level of input.
C
The total amount of output that is produced by all inputs.
4
Which productivity concept measures the overall efficiency of production?
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A
Total productivity.
B
Average productivity.
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C
Marginal productivity.
5
Which productivity concept measures the additional output that can be produced by using an additional unit of input?
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A
Total productivity.
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B
Average productivity.
C
Marginal productivity.
6
What is the formula for calculating average productivity?
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7
Why is marginal productivity important?
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8
What are the three inputs considered when calculating total productivity?
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