The Ratio of a Firm's Monthly Output to the Number

question 70

Multiple Choice

The ratio of a firm's monthly output to the number of labour hours used in the same month would be a measure of

• A) labour productivity.
• B) capital productivity.
• C) machine productivity.
• D) multifactor productivity.

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Definitions:

Profile Plot

A graphical representation of the multivariate data where each observation is represented by a plot, often used to observe patterns over time or conditions.

Main Effect

In statistics, the term refers to the primary effect of an independent variable on a dependent variable in experimental design.

Material

The substance or substances from which a thing is or can be made.

Interaction

In statistics and research, the occurrence when the effect of one variable on an outcome is influenced by the level of another variable.