Which of the following statements is TRUE concerning productivity measures?
A)Both the partial productivity and total factor productivity measures have the same weaknesses, but each has different strengths as a measure.
B)Both the partial productivity and total factor productivity measures have the same strengths, but each has different weaknesses as a measure.
C)Both the partial productivity and total factor productivity measures have the same strengths, and the same weaknesses as a measure.
D)The weaknesses of the partial productivity measure are the strengths of the total factor productivity measure.
E)The strengths and weakness in the measurements of the partial productivity measure are the strengths of the total factor productivity measures are completely unrelated to each other.

Question

Quizplus · Accepted Answer

Partial productivity measures focus on a single input, which can overlook interactions between inputs, while total factor productivity considers all inputs, addressing this limitation.

Which of the Following Statements Is TRUE Concerning Productivity Measures