Question: 1. Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance

1. Martin Manufacturing has implemented several

1. Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. The following data are available: Last Year This Year Output Labour Cost Energy Cost Capital $11,500 $1,200 $760 $8,300 $14,500 $1,320 $825 $8,800 A) Calculate the multifactor productivity of each year? (6 Points) B) What is the percentage of productivity improvement? (3 Points)

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