Which of the following is a difference between partial productivity and multifactor productivity?
A) Unlike multifactor productivity, partial productivity only indicates how much labor and capital a company requires to produce an output.
B) Unlike multifactor productivity, partial productivity indicates a company's overall level of productivity relative to its competitors.
C) Unlike partial productivity measures, multifactor productivity measures do not indicate the specific contributions that labor, capital, materials, or energy make to overall productivity.
D) Unlike partial productivity measures, multifactor productivity measures can help managers determine what factors need to be adjusted or in what areas adjustment can make the most difference in overall productivity.

Question

Quizplus · Accepted Answer

Partial productivity measures only take into account one input factor (such as labor) and the corresponding output, while multifactor productivity measures take into account multiple inputs (such as labor, capital, materials, and energy) and the corresponding output. Therefore, multifactor productivity measures provide a more comprehensive picture of productivity, but they do not specifically indicate the contribution of each input factor to overall productivity.

Which of the Following Is a Difference Between Partial Productivity