Question: In a firm, all other things remaining the same, if the material usage per unit of final product decreases to half of the current usage,
In a firm, all other things remaining the same, if the material usage per unit of final product decreases to half of the current usage, then the firm will blank.
Multiple Choice
have no effect on productivity.
increase the multifactor productivity
decrease capital productivity
double the material productivity and increase the multifactor productivity
double the material productivity
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
