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19 July, 08:30

If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, and the total materials used were 425 units, what kind of productivity measure could you use to compute productivity?

Multiple Choice

1. Choice A

2. Choice B

3. Choice C

4. Choice A and B above

5. Choice B and C above

+2
Answers (1)
  1. 19 July, 10:40
    0
    Options Include:

    A. Partial measure is Correct

    B. Multifactor measure

    D. A and B above

    Explanation:

    A partial measure of productivity refers to one single input output.

    Total productivity factor (or TFP) refers an output index to a composite index of all of the inputs. The TFP takes into consideration all aspects of productivity.

    The measures of productivity are sometimes used to evaluate the economic performance of a nation.

    A partial measure of productivity refers to a single input; which includes efficiency of workers (production for every hour worked), productivity of capital (output for every unit of capital), and productivity of energy (output for every unit of energy used).
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