Describe the differences between productivity and its subcomponents (total measure productivity, partial measure productivity, and multifactor measure productivity) related to production and operations management success.

Productivity is the measure of output with respect to the input.

Total measure productivity is the measure of all the inputs such as labor, cost, capital and machines versus the output generated.

Partial measure productivity is the ratio which is widely used by many business. It measures relationship between output and input. It helps to identify the improvement in the relationship between output and input.

Multifactor productivity is the measure which enables the business to identify the amount of output generated with the amount of input used during the production process.

Explanation:

Productivity is the measure of output / input. This is essential for business success. The companies should measure the total productivity and partial productivity ratio in order to identify the improvement or deterioration in their production levels.

answer; institution;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.