Question: 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

A company is considering two possible processes,

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) 59,117 30,000 Labor ($) 1200 1000 Materials ($) 2500 1400 Answer to 2 decimal points. For instance, the answer might be: 1.23

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