If all you knew about a production system was that total daily output was 1000 units and the total labor necessary to produce the 1000 units was 1200 hours, and the total materials used were 1500 units, what kind of productivity measure could you use to compute productivity? Group of answer choicesOnly total measureOnly multifactor measureOnly partial measureBoth multifactor measure and total measureBoth partial measure and multifactor measure
Question
If all you knew about a production system was that total daily output was 1000 units and the total labor necessary to produce the 1000 units was 1200 hours, and the total materials used were 1500 units, what kind of productivity measure could you use to compute productivity? Group of answer choicesOnly total measureOnly multifactor measureOnly partial measureBoth multifactor measure and total measureBoth partial measure and multifactor measure
Solution
Both partial measure and multifactor measure
Explanation:
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Partial Measure: You could calculate a partial measure of productivity by dividing the total output by one type of input. For example, you could calculate labor productivity by dividing the total output (1000 units) by the total labor hours (1200 hours).
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Multifactor Measure: You could also calculate a multifactor measure of productivity by considering more than one type of input. For example, you could calculate productivity by dividing the total output (1000 units) by the sum of labor hours (1200 hours) and materials used (1500 units).
However, a total measure of productivity would require information on all inputs used, not just labor and materials. Since we don't have information on all inputs in this scenario, we can't calculate a total measure of productivity.
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