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1.3 A small electronic manufacturing company which makes communication devices has determined its costs as follows (all value data are expressed in millions Euro): 2013
1.3 A small electronic manufacturing company which makes communication devices has determined its costs as follows (all value data are expressed in millions Euro): 2013 2014 2 3 Output: Inputs: Labour Material and supplies Capital equipment depreciation 1 0.6 0.07 1.8 0.8 0.12 Calculate and compare all single-factor and multifactor produc- tivity for 2013 and 2014. What conclusions do you draw
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