Question

In the bustling city of Efficiencyville, a
manufacturing company has
implemented new technology and
streamlined processes to produce
more units in the same amount of
time. As a result, the company
experiences a significant increase in
output per worker.
What economic concept best
captures this improvement in the
company's efficiency?
A) Marginal Utility
B) Marginal Benefit
C) Productivity

Answer 1

C) Productivity