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 )

Question

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 )

Accepted Answer

The Answer is in the image, click to view ...

Question

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

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Entrepreneurship

Students also viewed these Mathematics questions

Question

Question

Question

Question

Question

Question

Question

Question

Question

Question