Question: What is the advantage to using a partial productivity ratio instead of a total factor productivity ratio? It indicates how changing one resource affects productivity.
What is the advantage to using a partial productivity ratio instead of a total factor productivity ratio?
It indicates how changing one resource affects productivity.
Units of inputs can be converted into common units.
Managers can determine how well the organization is using capital and materials.
Individual productivity is easily measured.
It measures aggregate productivity levels.
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