Question: 1.7 Eric Johnson (using data from Problem 1.6) determines his costs to be as follows: - Labor $10 per hour; - Resin $5 per pound;

1.7 Eric Johnson (using data from Problem 1.6)

1.7 Eric Johnson (using data from Problem 1.6) determines his costs to be as follows: - Labor $10 per hour; - Resin $5 per pound; - Capital 1% per month of investment; - Energy $.50 per BTU Show the productivity change, for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. 1.7 Eric Johnson (using data from Problem 1.6) determines his costs to be as follows: - Labor $10 per hour; - Resin $5 per pound; - Capital 1% per month of investment; - Energy $.50 per BTU Show the productivity change, for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator

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