Chapter 2 Problems: Please solve the problems and type on the document what is the Output (numerator) and what is the Input (denominator). Then list what is the Productivity - Output per Input (ie, 500 units per labor hour, 500 units per $ of input, 500 units per worker, $ 250 sales revenue per $ of input). Problem 3 Compute the multifactor productivity measure for an eight-hour day in which the usable output was 300 units, produced by three workers who used 600 pounds of materials. Workers have an hourly wage of $20, and material cost is $1 per pound. Overhead is 1.5 times labor cost Problem 4 A health club has two employees who work on lead generation. Each employee works 40 hours a week, and is paid $20 an hour. Each employee identifies an average of 400 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a one-time fee of $100. Material costs are $130 per week, and overhead costs are $1,000 per week. Calculate the muitifactor productivity for this operation in fees generated per dollar of input