If a restaurant can serve food to 120 customers in 8 hours. The restaurant employs 4...

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If a restaurant can serve food to 120 customers in 8 hours. The restaurant employs 4...

If a restaurant can serve food to 120 customers in 8 hours. The restaurant employs 4 chefs at $25 per hour. How can I Calculate an appropriate measure of productivity?

business Operations-Management

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Answer 1

Answer #1

Productivity is nothing but the measure that gives clear picture about the efficiency of production. Productivity is calculated by dividing output by input in a specific period.

Multi-factor productivity is nothing but the measure that gives clear picture about the overall efficiency based on the labor and capital inputs used in the production process.

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