Which of the Following Expressions Is Used to Measure Productivity

question 5

Multiple Choice

Which of the following expressions is used to measure productivity?

• A) Quality of output/Quantity of input
• B) Quality of input/Quantity of output
• C) Quantity of output/Quantity of input
• D) Quantity of input/Quantity of output

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Definitions:

Price Discrimination

A strategy where a seller charges different prices for the same product or service to different customers, based on the market segment each represents.

Market Power

The ability of a company or group of companies to influence or control the terms and conditions of the market to their advantage, often through monopolistic or oligopolistic practices.

Arbitrage

The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms to take advantage of differing prices for the same asset.

Price Discrimination

A pricing strategy where different prices are charged to different consumers for the same product or service, often based on their willingness to pay.