Tech$-$Ed Source is a company that administers standardized certification tests in the information technology field. Those who pass the

tests obtain industry certifications that are important for advancement in their field. Average cost to test$-$takers is $$50$ per test. Labor

costs for the testing facility averages $$9$ per test, materials costs are $$6$ per test$-$taker, and overhead costs are averaged at $$15$ per

test$-$taker.

$($a$)$

What is the multifactor productivity ratio for Tech$-$Ed Source? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Multifactor productivity

What does your finding mean? $($Round answer to $0$ decimal places, e$.$g$.15\%.)$

This means that the company is charging approximately

$\%$

the expenses of labor, materials,

and overhead.