The Amount of Input Divided by the Amount of Output

question 38

True/False

The amount of input divided by the amount of output equals productivity.

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Definitions:

Pollution Abatement

Actions taken to reduce, control, or eliminate pollution from a given source.

Marginal Benefit

The enlarged happiness or benefit achieved from consuming an extra unit of a good or service.

Marginal Cost

The cost added by producing one additional unit of a product, emphasizing the variations in expenses as production scales.