Which of the Following Is a Total Factor Productivity Measure

question 77

Multiple Choice

Which of the following is a total factor productivity measure?

• A)tons output/tons of material used
• B)units produced/machine hour
• C)sales value/total cost
• D)gallons output/direct labor hour

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Definitions:

Mixed Strategy

A decision-making strategy in game theory where a player chooses between possible moves according to a set of probabilities.

Payoff

The gain or benefit derived from an investment or action.

Swerve

In game theory, the act of deviating from a previously chosen strategy or path, often to avoid an undesirable outcome.

Drive Straight

Driving straight refers to the action of operating a vehicle in a direction that maintains alignment with the road or lane, without turning to the left or right.