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A 3-credit hour operations management class in Spring 2022 semester at one University has the following facts: Student tuition is $150 per credit hour. The
A 3-credit hour operations management class in Spring 2022 semester at one University has the following facts: Student tuition is $150 per credit hour. The state supplements school revenue by $100 per credit hour. The class size is 50 students. Labor costs are $4,000, material costs are $20 per student, and overhead costs are $25,000. 1) What is the multifactor productivity for this class? (20%) (Hint: we have two \"revenue\" elements in the output). 2) If the instructor works an average of 14 hours per week for 16 weeks for this class, what is the instructor's productivity for this class? (Hint: output remains the same from the previous question). (20%)
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