Question: GreenTech Corp., an electronics manufacturer, has provided data for two consecutive years regarding their production metrics: table [ [ Metric , Last Year This
GreenTech Corp., an electronics manufacturer, has provided data for two consecutive years regarding their production metrics:
tableMetricLast Year This Year,Number of Workers,Total Units Produced,Total Labor Hours,Capital Investment,$Raw Materials Cost,
$
A Calculate labor productivity for this year in terms of units produced per labor hour.
B Calculate labor productivity for last year in terms of units produced per labor hour.
C For this year, calculate multifactor productivity considering both labor hours and raw material costs as inputs. Use units per combined dollar of labor assuming $ hour and material as the output.
D Using your labor productivity calculations from Parts A and determine the labor productivity growth rate from last year to this year. Provide the growth rate as a percentage.
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