Question: QUESTION 3 ( 2 0 Marks ) The Minister responsible for Trade and Industry has assigned you the task of evaluating the improvement in productivity

QUESTION 3
(20 Marks)
The Minister responsible for Trade and Industry has assigned you the task of evaluating the improvement in productivity of
manufacturing businesses in South Africa. Data for one of the businesses you are to evaluate is provided. The data are the
monthly average of last year and the monthly average for this year. Determine the percentage change in multi-factor
productivity between the two years.
Labor: R8 per hour
Capital: 0.83% per month of investment
Energy: R0.60 per BTU
QUESTION 3 (20 Marks) The Minister responsible for Trade and Industry

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