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8 July, 13:45

The total of all outputs produced by the transformation process divided by the total of the inputs is: A. utilization. B. defined only for manufacturing firms. C. multifactor productivity. D. greater in manufacturing than in services. E. single-factor productivity.

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  1. 8 July, 13:59
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    The correct answer is letter "C": multifactor productivity.

    Explanation:

    Multifactor productivity refers to how the combination of labor and capital is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in management, adjustment costs, and economies of scale.
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