Question 2 Problem Statement: Considering the pandemic, an institute in Toronto is planning to introduce a new program. For this innovative program, the Dean is planning to charge students $150 per semester credit hour towards tuition. The manager assigned to the program has come up with the following costs for the Dean: Labor @$4,000 per course, overhead @ $25,000 per course, and materials @ $20 per student per course. Note that the provincial government also supplements school revenue by $100 per course credit hour. Also, the class size for a typical 3-credit course is 50 students. Answer the following questions based on the above information. a) What is the multifactor productivity ratio for this course process? [4 points] b) If professors work an average of 14 hours per week for 16 weeks for each 3-credit course of 50 students, what is the labor productivity ratio? [2 points)