Question: A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo ( DRC ) in 2 0 2

A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo (DRC) in 2021. The country produced 120000 tonnes of cobalt with the following resources:
Labour:
1200000 hours @ R250.00 per hour
Energy:
R8000000 per month
Capital costs:
R160000000 for the year
Expenditure on suppliers and Supplies:
R120000000 for the year
In relations to cobalt production in the DRC during the 2021 financial year, determine the multifactor productivity. Assume an average selling price of R60000 per tonne (round off the answer to two decimal places).

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