________ is an example of a total factor productivity measure.
A) The number of units produced per month
B) The number of units produced per machine hour
C) The number of units produced per labor hour
D) The number of units produced per dollar of input cost

Question

Quizplus · Accepted Answer

Total factor productivity measures the efficiency of all inputs to a production process, including labor, capital, and materials. It is often expressed as the ratio of output to the total cost of inputs, making D the correct answer.

________ Is an Example of a Total Factor Productivity Measure