By what term do we call the level of output generated by a given volume of inputs?
singleAnswer
Productivity
Productivity
the level of output generated by a given volume of inputs? productivity the level of output generated by a given volume of inputs?
Production (economics) Productivity Total cost Economies of scale Output (economics) Production function Cost curve Marginal cost Growth accounting Prices of production
<b>Production</b> is a process of combining various material <b>inputs</b> and immaterial 
<b>inputs</b> (plans, ... <b>The degree</b> to which the needs are satisfied is often accepted as 
a measure of ... <b>level</b> achieved in the community is a result of the high <b>volume</b> of 
<b>production</b> ... Real process <b>generates</b> the <b>production output from input</b>, and it can 
be&nbsp;... <b>Productivity</b> describes various measures of the efficiency of <b>production</b>. Often, a 
<b>productivity</b> measure is expressed as the ratio of an aggregate <b>output</b> to a single 
<b>input</b> or an aggregate <b>input</b> used in a <b>production</b> process, i.e. <b>output</b> per unit of 
<b>input</b>, typically over a <b>specific</b> period ... At the company <b>level</b>, typical partial 
<b>productivity</b> measures are such things as&nbsp;... In economics, total cost (TC) is the total economic cost of <b>production</b> and is made 
up of variable cost, which varies according to <b>the quantity</b> of a good <b>produced</b> 
and includes <b>inputs</b> such ... Often, economists use models <b>with</b> two <b>inputs</b>: 
physical capital, <b>with quantity</b> X and labor, <b>with quantity</b> L. Capital is assumed to 
be the&nbsp;... In microeconomics, economies of scale are the cost advantages that enterprises 
obtain due to ... The economies of division of labour derive <b>from</b> the increase in 
<b>production</b> speed, <b>from</b> the possibility of ... of changes in the price of <b>inputs</b> when 
<b>the quantity</b> purchased of <b>inputs</b> varies <b>with</b> changes in the scale of <b>production</b>. Output in economics is <b>the &quot;quantity</b> of goods or services <b>produced</b> in a <b>given</b> 
time period, by a ... Output is the result of an economic process that has used 
<b>inputs</b> to produce a product or service that is available for sale or use somewhere 
else. Net output, sometimes called netput is a <b>quantity</b>, in the context of 
<b>production</b>, that&nbsp;... This implies an ideal division of the income <b>generated from output</b> into an income 
due to each <b>input</b> factor of <b>production</b>, equal to the marginal product of each&nbsp;... In economics, a cost curve is a graph of the costs of <b>production</b> as a function of 
total <b>quantity produced</b>. In a free market economy, productively efficient firms 
optimize their <b>production</b> process by minimizing cost consistent <b>with</b> each 
possible <b>level of production</b>, ... <b>With</b> only one variable <b>input</b> (labor usage) in the 
short run, each possible&nbsp;... In economics, marginal cost is the change in the total cost that arises when <b>the</b> 
<b>quantity produced</b> is incremented by one unit; that is, it is the cost of producing 
one more unit of a good. Intuitively, marginal cost at each <b>level of production</b> 
includes the cost of any additional <b>inputs</b> required ... marginal costs include all 
costs that vary <b>with the level of production</b>, whereas&nbsp;... In the <b>productivity</b> model the <b>input volume</b> is used as a <b>production volume</b> 
measure <b>giving</b> the growth <b>rate</b> 1.063. In this case <b>productivity</b> is defined as 
follows:&nbsp;... Prices of <b>production</b> is a concept in Karl Marx&#39;s critique of political economy, 
defined as ... In Capital, <b>Volume</b> III, Marx considers the operation of capitalist 
<b>production</b> as ... about Marx&#39;s concept of <b>production</b> prices is probably <b>caused</b> by 
the fact that ... Marx&#39;s argument is that price-<b>levels</b> for products are determined by 
<b>input</b>&nbsp;...
Total cost Output (economics) Production (economics) Productivity Economies of scale Cost curve Production function Marginal cost Average cost Master production schedule
In economics, total cost (TC) is the total economic cost of <b>production</b> and is made 
up of variable cost, which varies according to the <b>quantity</b> of a good <b>produced</b> 
and includes <b>inputs</b> such ... Often, economists use models <b>with</b> two <b>inputs</b>: 
physical capital, <b>with quantity</b> X and labor, <b>with quantity</b> L. Capital is assumed to 
be the&nbsp;... <b>Output</b> in economics is the &quot;<b>quantity</b> of goods or services <b>produced</b> in a <b>given</b> 
time period, by a firm, industry, or country&quot;, whether consumed or used for further
&nbsp;... <b>Production</b> is a process of combining various material <b>inputs</b> and immaterial 
<b>inputs</b> (plans, ... Real process <b>generates</b> the <b>production output from input</b>, and it 
can be described by ... The income growth caused by increased <b>production</b> 
<b>volume</b> is determined by moving ... &quot;Total Productivity Measurement at the Firm 
<b>Level</b>&quot;. Fixed price values of the real process depict commensurate <b>volumes</b> of the 
outputs and <b>inputs</b>. When we subtract <b>from</b> the <b>output</b> the intermediate <b>inputs</b> we 
obtain&nbsp;... In microeconomics, economies of scale are the cost advantages that enterprises 
obtain due to ... As quantity of production increases from Q to Q2, the average 
cost of each ... by <b>amount of output produced</b>), <b>with</b> cost per unit of output 
decreasing <b>with</b> ... Economies of scale therefore are affected by variations in 
<b>input</b> prices. In economics, a cost curve is a graph of the costs of production as a function of 
total <b>quantity produced</b>. In a free market economy, productively efficient firms 
optimize their production process by minimizing cost consistent <b>with</b> each 
possible <b>level of production</b>, ... <b>With</b> only one variable <b>input</b> (labor usage) in the 
short run, each possible&nbsp;... In economics, a <b>production</b> function gives the technological relation between 
quantities of ... Assuming that maximum <b>output</b> is obtained <b>from given inputs</b> 
allows ... income <b>generated from output</b> into an income due to each <b>input</b> factor of 
<b>production</b>, ... <b>quantity</b> of <b>output</b> obtainable at the specified <b>level</b> of usage of the 
<b>input</b>. In economics, marginal cost is the change in the total cost that arises when the 
<b>quantity produced</b> is incremented by one unit; that is, it is the cost of producing 
one more unit of a good. Intuitively, marginal cost at each <b>level of production</b> 
includes the cost of any additional <b>inputs</b> required ... marginal costs include all 
costs that vary <b>with the level of production</b>, whereas&nbsp;... In economics, average cost or unit cost is equal to total cost (TC) divided by the 
number of units of a good <b>produced</b> (the output Q): ... In this &quot;typical&quot; case, for low 
<b>levels of production</b> marginal costs are below average costs, ... to produce a 
<b>specific quantity</b> of widgets per period—below a certain production level, average 
cost&nbsp;... A master <b>production</b> schedule (MPS) is a plan for individual commodities to be 
<b>produced</b> in ... By <b>using</b> many variables as <b>inputs</b> the MPS will <b>generate</b> a set of 
outputs ... Outputs may include amounts to be <b>produced</b>, staffing <b>levels</b>, <b>quantity</b>&nbsp;...
Productivity
Productivity