Last year, the pharmacy at BPH generated $96 million in revenue. The pharmacy employs 4 pharmacists whose annual salaries (excluding benefits) amount to $560,000, 3 technicians with salaries totaling $96,000, and 1 clerk paid $22,000 a year. Inventory, supplies, and insurance costs amounted to $52 million, $2.2 million, and $100,000, respectively. 

a$)$ What is the Labour productivity index?

b$)$ What is the multifactor productivity index?

c$)$ If this year$’$s multifactor productivity index is $$2\mathrm{.}00$ per $ input, what is the growth or decline in productivity relative to last year$’$s$?$

Answer rating: 100% (QA)

a The Labour productivity index is a measure of the amount of output produced per unit of labor Here ... View the full answer