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Productivity -Numerically Defined
Total factor productivity (TFP) = Pt = Ot/(L+C+R+Q)
Partial factor productivity (PFP) = Ot/L or C or Ot/a combination of inputs
Pt = Total factor productivity
Ot = Total output (sales value $)
L = Labour input factor ($)
C = Capital input factor ($)
R = Raw materials/purchased parts ($)
Q = Other miscellaneous services ($)
Doc On Call (Q12 – Q14) A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country
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