firm makes a ceramic vases for a chain of department store. The output plus cost figures are below. Labor cost is 20 per hour and material cost is 8 per kilogram. WEEK 1 2 3 4 OUTPUT 2000 4000 5000 7000 # OF WORKERS 4 4 5 6 HOURS/WEEK 40 48 56 70 KG. OF MATERIALS 128 256 324 450 A. Calculate the labor productivity for each week. B. Calculate the multi factor productivity for each week C. What is the percentage change between week 1 and, and week 3and 4.
firm makes a ceramic vases for a chain of department store. The output plus cost figures are below. Labor cost is 20 per hour and material cost is 8 per kilogram. WEEK 1 2 3 4 OUTPUT 2000 4000 5000 7000 # OF WORKERS 4 4 5 6 HOURS/WEEK 40 48 56 70 KG. OF MATERIALS 128 256 324 450 A. Calculate the labor productivity for each week. B. Calculate the multi factor productivity for each week C. What is the percentage change between week 1 and, and week 3and 4.
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
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A firm makes a ceramic vases for a chain of department store. The output plus cost figures are below. Labor cost is 20 per hour and material cost is 8 per kilogram.
WEEK 1 2 3 4
OUTPUT 2000 4000 5000 7000
# OF WORKERS 4 4 5 6
HOURS/WEEK 40 48 56 70
KG. OF MATERIALS 128 256 324 450
A. Calculate the labor productivity for each week.
B. Calculate the multi factor productivity for each week
C. What is the percentage change between week 1 and, and week 3and 4.
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