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2 . 3 . Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by 5 0 % and

2.3. Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by 50% and 30% respectively in
2022 without cutting production or changing any other input, determine the percent change in multifactor productivity? (Assume an
average selling price of R55000 per tonne of cobalt in 2022).

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