Total Factor Productivity (TFP) Is Easy to Compute for a Single-Product

question 147

Essay

Total factor productivity (TFP) is easy to compute for a single-product company. When dealing with a multiproduct company, one of two adjustments must be made. What are these potential adjustments?

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Definitions:

Intrapersonal Intelligence

Intrapersonal intelligence is the capacity to understand oneself, including one's emotions, motivations, and thoughts.

Creative Intelligence

The ability to go beyond existing ideas to create novel and interesting ones, a component of Sternberg's triarchic theory of intelligence.

Savant Syndrome

A condition where someone with significant mental disabilities demonstrates profound and prodigious capacities or abilities in limited areas.

Emotional Intelligence

The ability to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.