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Table 2 shows last years production output and costs at Guemmer Temperature control Switch Crop. Table 2 Last Year Production Output (units) 6000 Input Costs
Table 2 shows last year’s production output and costs at Guemmer Temperature control Switch Crop.
Table 2
| Last Year |
Production Output (units) | 6000 |
Input Costs
Labor ($) | $14,000 |
Capital ($) | $30,000 |
Energy ($) | $5,000 |
Total Input Costs: | $49,000 |
Referring to table 2, assume that the production output (units)is now 4000 (not 6000). The multi factor productivity is:
a) 14.10 unit per dollar
b) 0.08 unit per dollar
c) 12.50 unit per dollar
d) 0.04 unit per dollar
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