Which of the following is a total measure of productivity?
A)Output/Materials
B)Output/(Labor + Capital + Energy)
C)Output/Labor
D)Output/Inputs
E)All of these

Question

Quizplus · Accepted Answer

The total measure of productivity is the output divided by all inputs used in the production process, which is represented by the formula Output/Inputs. Option D is the only choice that represents this formula. Option A only considers materials, option B only considers labor, capital and energy, and option C only considers labor. Option E is incorrect because not all options represent the total measure of productivity.

Which of the Following Is a Total Measure of Productivity