The specific growth rate, denoted as $\mu$, is a crucial parameter in biotechnology and microbiology representing the rate at which organisms grow. It is mathematically defined as:
$$ \mu = \frac{dX}{X \cdot dt} $$
where:
This formula implies that $\mu$ is the rate of increase of biomass concentration per unit biomass per unit time.
Therefore, the correct option is:
The rate of biomass production per unit time