Which of the following is partial measure of productivity?
There are two types of productivity measure. A partial productivity measure relates output to a single input; examples include labour productivity (output per hour worked), capital productivity (output per unit of capital), and energy productivity (output per joule of energy used).
What is a partial productivity measure quizlet?
partial productivity formula. number of units manufactured/number of units or cost of a single input resource. why are partial productivity measures important. changes in the productivity of different resources do not always occur in the same direction or at an equal rate. Benefits of operational productivity measures.
Which of these is a measure of productivity?
One of the most widely used measures of productivity is Gross Domestic Product (GDP) per hour worked. This measure captures the use of labour inputs better than just output per employee.
Which one of the following is a multifactor measure of productivity?
Multifactor productivity (MFP) is a measure of economic performance that compares the amount of output to the amount of combined inputs used to produce that output. Combinations of inputs can include labor, capital, energy, materials, and purchased services.
Which of the following is not a measure of productivity?
The correct answer is C: Average advertising.
Which of the following is a difference between partial productivity and multifactor productivity quizlet?
Which of the following is a difference between partial productivity and multifactor productivity? Unlike partial productivity measures, multifactor productivity measures do not indicate the specific contributions that labor, capital, materials, or energy make to overall productivity.
Which measure labor productivity and multifactor productivity is the better measurement?
Thus, multifactor productivity is a more comprehensive measure of productivity than labor productivity or other single-factor productivity measures. For estimating MFP at the industry level, there is need for data on the output and the inputs used to make that output.
What is single productivity?
Single-Factor Productivity is a measure of output against specific input. … It is the ratio of output to labor input (units of output per labor hour). Material productivity is the ratio of output to materials input. Machine productivity is the ratio of machine units of output per machine hour, output per unit machine.
How do you calculate multifactor productivity?
For example, if you have five workers each working 40 hours in a week, for a total of 200 hours, and they produced 4,000 units at the end of the week, the productivity would be 4,000/200, or 200 units/hour. If you were paying everyone $10 per hour, the labor productivity could also be measured as 20 units/dollar.
What is multi factor productivity quizlet?
Multifactor Productivity. aka total factor productivity, the ratio of many or all resources (inputs) to the goods and/or services produced (outputs)
Which one of the following is a productivity measure that focuses on the relationship between only one of the inputs and the output attained?
Which one of the following is a productivity measure that focuses on the relationship between only one of the inputs and the output attained? Partial productivity.