Total Factor Productivity Will Increase If ________

question 164

Multiple Choice

Total factor productivity will increase if ________.

• A) technical productivity occurs
• B) the company uses more total inputs per output
• C) the company incurs fewer costs per input
• D) current technology becomes obsolete

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Definitions:

Replacement Shipment

Sending out a new or additional shipment to replace defective or missing products originally dispatched.

Commercial Unit(s)

A standard of measure, quantity, or grade of goods that is treated as a whole for commercial purposes, especially in sale or lease transactions.

Rare Coins

Unique or scarce monetary coins which are collected for their historical, cultural, or investment value.

Chinese Gold Panda

The Chinese Gold Panda is a series of gold bullion coins issued by the People's Republic of China, noted for its changing panda-themed designs.