In measuring the total factor productivity of an organization,an example of a measure of labor's contribution to output production is the ____________.
A) amount of raw materials consumed
B) number of units of energy consumed
C) number of hours worked
D) number of kilowatt-hours consumed
E) number of machineries used

Question

Quizplus · Accepted Answer

In total factor productivity,each input is typically measured in different units: Labor's contribution to producing an output is measured by hours worked;the contribution of materials is measured by the amount consumed (for example,tons of iron ore required to make a ton of steel);the contribution of energy is measured by the units of energy consumed (for example,kilowatt-hours);and so on.

In Measuring the Total Factor Productivity of an Organization,an Example