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Excellent Mugs Inc. produced 1,200,000 units in 2020 at a units of output per dollar of input cost was $0.10. Its cost of input at

Excellent Mugs Inc. produced 1,200,000 units in 2020 at a units of output per dollar of input cost was $0.10. Its cost of input at 2020 prices that would have been used in 2019 was $13,333,333. How much did the total factor productivity (TFP) increase as a result of 2020 operations?

Question 20 options:

about 19%

about 10.0%

about 11.1%

about 9%

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