This is a subjective question, hence you have to write your answer in the Text-Field given below. As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in produc businesses. Data for one of the small businesses you are to evaluate are shown at right. The data are the monthly average of last monthly average this year. Determine the multifactor productivity with dollars as the common denominator for: [6M] a) Last year. b) This year. c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this year on basis. Labor: $8 per hour Capital: 0.83% per month of investment Energy: $0.60 per BTU This is a subjective question, hence you have to write your answer in the Text-Field given below. As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in produc businesses. Data for one of the small businesses you are to evaluate are shown at right. The data are the monthly average of last monthly average this year. Determine the multifactor productivity with dollars as the common denominator for: [6M] a) Last year. b) This year. c) Then determine the percent change in productivity for the monthly average last year versus the monthly average this year on basis. Labor: $8 per hour Capital: 0.83% per month of investment Energy: $0.60 per BTU