Answer: 6.b) What is the multi-factor productivity ratio for Med-Tech with the new test equipment? (1.5 mark for each correct answer) 6.c) How would total (multi-factor) productivity change if using the new test equipment raised the material costs by $1.20 per test? Comment the results (2 mark for each correct answer) 6.d) If Mr Mili want to use the new test equipment, by what amount could Ms. Mili's material costs increase without reducing total (multi-factor) productivity? (1.5 mark for each correct answer) 7 A B I E III U s X2 E I E 2 G 80 F2 F4 F5 og F7 DN FS $ % & C 3 r 4 E 5 o 6 7 V 8 A 9 R T Y I " JI TUUUCTUITO CIVILEJUPETALIUTTO Ivanay Question 6: Med-Tech UAE labs is a facility that provides COVID-19 tests and result evaluations for patients, ranging from viral tests to antibody tests. Average cost to patients is $73 per test (test price). Med-Tech UAE labs is currently working a total of 12 hours per day to produce around 742 tests. Mr Mili Youcef, the manager of the Med-Tech UAE labs, thinks that buying a new test equipment will increase the tests number by 40%. The labor costs average $15 per hour, materials costs are $19 per test, and energy costs are assumed to be only $23 per day. 6.a) What is the multifactor productivity ratio for Med-Tech at present and with the new test equipment? Answer: 6.b) What is the multi-factor productivity ratio for Med-Tech with the new test equipment? (1.5 mark for each correct answer) 6.c) How would total (multi-factor) productivity change if using the new test equipment raised the material costs by $1.20 per test? Comment the results (2 mark for each correct answer) SES 20 F3 F4 F5 F6 og F7 DI FB $ % 1 & 3 4 5 O 6 7 8 A 9 E o RO T 3 Y &