Question: Collected the following data for the last two years: 2018 Output: sales = 300000 Input: labour = 40000, raw materials = 45000, energy = 10000,
Collected the following data for the last two years:
2018
Output: sales = 300000
Input: labour = 40000, raw materials = 45000, energy = 10000, capital=250000, other=2000
2019
Output: sales = 310000
Input: labour = 43000, raw materials = 51000, energy = 9000, capital=262000, other=6000
All inputs and outputs are in Dollars.
(a) what is labor productivity measures in 2018 and in 2019?
(b) what is the total productivity measure in 2018 and 2019?
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