Suppose that last year the cost of inputs summed to 100000


Suppose that last year the cost of inputs summed to $100,000, and the value of outputs summed to $800,000. For which of the following values this year would productivity decreases?

Both input and output increase by 10%

Input increases by 5% while output increases by 10%

Both input and output decrease by 10%

Input increases by 10% while output increases by 5%

 

Output decreases by 10% while input decreases by 20%

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Operation Management: Suppose that last year the cost of inputs summed to 100000
Reference No:- TGS01126141

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