Question: A commodity analyst has made available the following information about the cobalt production in the Democratic Republic of Congo ( DRC ) in 2 0
A commodity analyst has made available the following information about the cobalt production in the Democratic Republic of Congo DRC in
The country produced tonnes of cobalt with the following resources:
Labour: hours @ R per hour
Energy: R per month
Capital costs: R for the year
Expenditure on suppliers and Supplies: R for the year
Required:
Calculate the labour productivity per labourhour in terms of tonnes of cobalt produced in the DRC during the financial yearround off answer to one decimal place
In relations to cobalt production in the DRC during the financial year, determine the multifactor productivity. Assume an average selling price of R per tonne round off the answer to two decimal places
Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by and respectively in without cutting production or changing any other input, determine the percent change in multifactor productivity? Assume an average selling price of R per tonne of cobalt in
Step by Step Solution
3.38 Rating (154 Votes )
There are 3 Steps involved in it
DRC Cobalt Production Analysis 21 Labour Productivity Labour Productivity Total Output Labour Input ... View full answer
Get step-by-step solutions from verified subject matter experts
