Question: Profar ndustries is compiling the monthly productivity report for its investors. From the following data, calculate the multifactor productivity. If output remains the same but

Profar ndustries is compiling the monthly productivity report for its investors. From the following data, calculate the multifactor productivity. If output remains the same but Profar is able to reduce the labor hours used to 7,250, what would be the percentage change in the multifactor productivity.

Units produced $ 100,000

Labor hours 10,000 @$10.00/hr.

Machine hours 5,000 @ $20.00/hr.

Cost of materials $15,000

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