The measure of the efficiency of a specific input in the production of a given output...
The measure of the efficiency of a specific input in the production of a given output is called ________.
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efficiency ratio |
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total factor productivity |
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labor productivity |
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partial productivity |
Homework Answers
The correct answer is:
D- partial productivity.
Though sometimes a useful measure of efficiency overall, total factor productivity obscures the exact contribution of an individual—input such as labor—to the production of a given output. Consequently, most organizations focus on specific measures of efficiency, known as partial productivity, that measure the efficiency of an individual unit.
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The measure of the efficiency of a specific input in the
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Question 3: Productivity, Output, and Employment (20 marks) Assume that the aggregate production is given by the following: Y stands for output, K stands for the capital stock, N stands for the number of the people employed, L stands for the quantity of land used in production, and A stands for a measure of labour efficiency. α and β are parameters whose values are between 0 and 1. a) Derive an analytical expression for the marginal product of capital (MPK),...
Question 3: Productivity, Output, and Employment (20 marks) Assume that the aggregate production is given by the following: Y stands for output, K stands for the capital stock, N stands for the number of the people employed, L stands for the quantity of land used in production, and A stands for a measure of labour efficiency. a and B are parameters whose values are between O and I a) Derive an analytical expression for the marginal product of capital (MPK),...
Suppose total ouput is 30, total input is 2, and the cost of input is $1.00 each. What is the productivity measure? What is the main source of increased productivity? productivity measure O enforcing barriers to firm entry in key markets improved production technology offshoring of labor to increase firm profits Owartime production needs O demand increases during a recession What is the per-unit production cost?
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