If Inputs Increase by 30% and Outputs Increase by 15

question 132

Multiple Choice

If inputs increase by 30% and outputs increase by 15%, what is the percentage change in productivity?

• A) 50.00% decrease
• B) 88.46% increase
• C) 88.46% decrease
• D) 11.54% increase
• E) 11.54% decrease

---

Definitions:

Norway

A country in Northern Europe known for its extensive coastline, fjords, and high standards of living.

Economic Profit

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs, reflecting the real profitability of the business.

Loss

The result of a company or individual spending more money than they receive.

Equilibrium

An equilibrium in the market where demand equals supply, causing price stability.