productivity is output per input. seed is technology. using HYV (high yielding crop variety) helps to produce more Productivity yield .e.g. rice yield means %3D the quantity of rice per hectare of land. The land is an input. Rice crop seed.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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productivity is output per input.
seed is technology.
using HYV (high yielding crop variety)
helps to produce more
Productivity = yield .e.g. rice yield means
the quantity of rice per hectare of land.
The land is an input. Rice crop seed.
60 liters of milk per day.
low yield of 2 or 3 is also there from local
traditional cow breeds.
How does technology reduce costs to
consumers?
Transcribed Image Text:productivity is output per input. seed is technology. using HYV (high yielding crop variety) helps to produce more Productivity = yield .e.g. rice yield means the quantity of rice per hectare of land. The land is an input. Rice crop seed. 60 liters of milk per day. low yield of 2 or 3 is also there from local traditional cow breeds. How does technology reduce costs to consumers?
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