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A business organization uses three inputs (Capital, Labor, and materials) in order to produce. Complete the table below given the information available. These are the
A business organization uses three inputs (Capital, Labor, and materials) in order to produce. Complete the table below given the information available. These are the formula that you will need for this question: Total productivity =l+K+M; Labor productivity--;Capital productivity Material productivity =-; Multifactor productivity (K & L)- Multifactor productivity (L & M) = =-; K+L Variables Capital (K) Labor (L) Material (M) Multifactor productivity (K & L) 3.22 Multifactor productivity (L& M) 2.54 Total Productivity (Y) Output (Y) Capital productivity Labor Productivity Material productivity Values $12,000 1.54
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