Option c is correct.
<u>Productivity is defined as the ratio of outputs to inputs.
</u>
Further Explanation:
Productivity: Productivity measures the output produced per unit of input, or the input required to produce one unit of output. It is the ratio of output to input. The inputs that are used in the production are capital, labor, and other resources. It is the ratio of output to input.
a.
The quantity of production: This option is incorrect.
The quantity of production only indicates the number of goods produced but does not tell about the amount of input required to produce the goods.
b.
The amount of revenue earned: This option is incorrect.
The revenue is related to the sales not to the production. So, it does not tell about the productivity of the production process
c.
The ratio of output to input: This option is correct.
Productivity measures the output produced per unit of input, or the input required to produce one unit of output. Thus, it is the ratio of output to input.
d.
The quality of what is produced: This option is incorrect.
The quality does not indicate the number of goods produced and productivity can be measured only in terms of the number of goods produced per unit of output.
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Answer details:
Grade: Middle School
Subject: Economics
Chapter: Production cost
Keywords: Productivity, the quantity of production, amount of revenue earned, the ratio of output to input, quality of what is produced, production cost, input and output.
