Homework SourseWe are already measuring total factor productivity Measuring
“We are already measuring total factor productivity. Measuring partial productivities would be of no value.” Do you agree? Please comment.
Answer in your own words, ty
“We are already measuring total factor productivity. Measuring partial productivities would be of no value.” Do you agree? Please comment.
Answer in your own words, ty
Answer in your own words, ty
Solution
No I don\'t agree because firstly partial productivity is easy to calculate and easy to understand.
Also Total factor productivities focus on overall input and output , whereas partial productivity focuses on each input and how much that input has part in production of output . So for analysing better and analysing each input , partial productivity factor is used
