Question: Problem 3 Compute the multifactor productivity measure for an eight - hour day in which the total usable output was 2 5 0 0 units,

Problem 3
Compute the multifactor productivity measure for an eight-hour day in which the total usable output was 2500 units, produced by four workers who used a total of 400 pounds of materials. Workers have an hourly wage of $25, and material cost is $1 per pound. Overhead is 1.6 times labor cost. Determine the multifactor productivity.(Output per $ of input)
 Problem 3 Compute the multifactor productivity measure for an eight-hour day

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