Which of the following is classified as a partial productivity ratio?
A)Labor productivity ratio
B)Energy productivity ratio
C)Total factor productivity ratio
D)All of these.
E)Only labor productivity ratio and energy productivity ratio

Question

Quizplus · Accepted Answer

A partial productivity ratio measures the productivity of only one of the factors of production used in a production process, such as labor or energy. Therefore, only the labor productivity ratio and energy productivity ratio are classified as partial productivity ratios. The total factor productivity ratio, on the other hand, measures the productivity of all factors of production used in a production process, and is classified as a total productivity ratio.

Which of the Following Is Classified as a Partial Productivity