- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Topics in Demand and Supply Analysis
- Subject 4. Supply Analysis: Cost, Marginal Return, and Productivity
CFA Practice Question
Which one does not provide an in-depth view of a firm's state of efficiency?
B. Marginal product
C. Average product
A. Total product
B. Marginal product
C. Average product
Correct Answer: A
Total product is simply an indication of a firm's output volume and potential market share. Marginal product and average product are better gauges of a firm's productivity.
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