________ is the ratio of the quantity of output produced to the costs of all inputs used, where the inputs are combined on the basis of current period prices.
A)Total factor productivity
B)Partial productivity
C)Productivity
D)Product yield variance
E)Manufacturing conversion

Question

Quizplus · Accepted Answer

Total factor productivity measures the efficiency of all inputs in the production process, considering the ratio of total output to the total costs of inputs, using current period prices.

________ Is the Ratio of the Quantity of Output Produced