a. First blank is Alpha or Beta, second blank is %, third blank is Alpha or Beta, forth blank is %

b. First blank is Process Alpha or Process Beta, second blank is Process Alpha or Process Beta

Mariah Enterprises makes a variety of consumer electronic products. Its camera manufacturing plant is considering choosing between two different processes, named Alpha and Beta, which can be used to make a component part. To make the correct decision, the managers would like to compare the labor and multifactor productivity of process Alpha with that of process Beta. The value of process output for Alpha and Beta is $130 per unit of product A and $180 per unit of product B, and the corresponding overhead costs for Alpha and Beta are $5,000 and $6,000, respectively. Product Output (units) Labor (S) Materials ($) Process Alpha A B 80 40 $1,200 $1,400 $1,400 $3,500 Process Beta B 60 70 $1,000 $2,000 $3,000 $2,500 a. Which process, Alpha or Beta, is more productive? has % higher labor productivity. Process has % higher multifactor productivity. (Enter your responses rounded to the nearest whole Process number.) b. What conclusions can you draw from your analysis? The process that generates more dollars of output per dollar invested in input is V. The process that exploits labor more efficiently is