Use the following information to answer the question(s) below.
A company has gathered the following financial information for itself and a competing firm. The company wishes to compare productivity for the two firms:
-Calculate the total factor productivity for Firm A.
Definitions:
Annual Premium
The total amount that must be paid per year to keep an insurance policy active.
Car Insurance
A type of insurance policy that provides financial protection against physical damage or bodily injury resulting from vehicle collisions and against liability that could also arise.
Brake Efficiency
A measure of how effectively a vehicle's braking system converts the driver's input into stopping power.
Insurance Policy
A contract between an individual or entity and an insurance company, detailing the terms for the payment of claims by the insurer to the insured.
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