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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 ($)
A manufacturer of business copier workstations has a 75 percent customer retention rate. Their accounting department estimates the incremental contribution to profit and overhead
Use the data in Exhibit 16-5 to construct a stem-and-leaf display
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