Total factor productivity (continuation of 13-37). Refer to the data for problem 13-38. Assume the fabric costs $4 per yard in 2009 and $4.10 per yard in 2008.
1. Compute Guble Company’s total factor productivity (TFP) for 2009.
2. Compare TFP for 2009 with a benchmark TFP for 2008 inputs based on 2009 output.
3. What additional information does TFP provide that partial productivity measures do not?
Total factor productivity continuation of 13 37 Refer to the data
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