Question: A company is considering two possible processes, Alpha and Beta. What is the multi - factor productivity ( based on labor and materials ) for

A company is considering two possible processes, Alpha and Beta. What is the multi-factor productivity (based on labor and materials) for process Alpha?
Process Alpha Process Beta
Output (units)56,61930,000
Labor ($)12001000
Materials ($)25001400
Answer to 2 decimal points. For instance, the answer might be: 1.23

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