Concept:
Figure of merit of logic families measures efficiency combining speed and power.
Step 1: Important parameters
Two main parameters:
• Propagation delay (speed)
• Power dissipation
Step 2: Trade-off
High speed → more power, low power → slower speed.
Step 3: Figure of merit definition
\[
\text{Figure of merit} = \text{Power dissipation} \times \text{Propagation delay}
\]
Step 4: Given options
Equivalent form:
\[
\frac{\text{Propagation delay}}{\text{Power dissipation}}
\]
Step 5: Conclusion
\[
\boxed{\frac{\text{Propagation delay}}{\text{Power dissipation}}}
\]
Final Answer:
\[
\boxed{(B)}
\]