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Which of the following is a difference between partial productivity and multifactor productivity?
Unlike multifactor productivity, partial productivity only indicates how much labor and capital a company
requires to produce an output.
Unlike multifactor productivity, partial productivity indicates a company's overall level of productivity relative
to its competitors.
Unlike partial productivity measures, multifactor productivity measures do not indicate the specific contributions
that labor, capital, materials, or energy make to overall productivity.
Unlike partial productivity measures, multifactor productivity measures can help managers determine what
factors need to be adjusted or in what areas adjustment can make the most difference in overall productivity.



Answer :

GinnyAnswer
The difference between partial productivity and multifactor productivity lies in their focus and what they measure: 1. Partial productivity: - Partial productivity measures the efficiency of one input (e.g., labor, capital) in producing output. - Unlike multifactor productivity, it only considers one input factor at a time, showing how effectively a specific resource is utilized. - For example, calculating labor productivity would show how much output is generated per unit of labor input, like output per employee. 2. Multifactor productivity: - Multifactor productivity measures the efficiency of multiple inputs (e.g., labor, capital, materials) in producing output. - Unlike partial productivity, it takes into account various factors simultaneously, providing a more holistic view of productivity. - This metric helps managers understand the combined impact of different resources on overall productivity and identify areas for improvement across various inputs. In summary, partial productivity focuses on the efficiency of individual input factors, while multifactor productivity assesses the overall efficiency considering multiple input factors simultaneously.

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