What is the Multifactor productivity for the Blue Space Inc if they have the following data? Units
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Question:
What is the Multifactor productivity for the Blue Space Inc if they have the following data?
Units produced: 5,000
Standard price: $30/unit
Labor input: 500 hours
Cost of labor: $25/hour
Cost of materials: $5,000
Cost of overhead: 2x labor cost
- What is the multifactor productivity for the produced units?
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