The average charge for billable hours is $$300$ and the average

cost per labor hour is $$100.$ Invested capital is exclusive of

information technology investment. The productivity of an

individual factor involves comparing the cost of that input

factor to the value of the output, which is billable hours.

$1.$ what is the output in hours?

$2.$a$.$ What is the labor productivity for $2022$ in dollars?

$2.$b$.$ What is the labor productivity for $2023$ in dollars?

$2.$c$.$ what is the percent change in productivity?

$3.$a$.$ What is the total$-$factor productivity $($use all the inputs$)$ for

$2022$ based on the above factors?

$3.$b$.$ What is the multi$-$factor productivity for $2023?$

$3.$ c$.$ What is the change in productivity from last year to this

year?

Problem $4$: How well is the company doing? What would you

recommend to the Boss? $($Thinking question$)$