Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A commodity analyst has made available the following information about the cobalt production in the Democratic Republic of Congo ( DRC ) in 2 0
A commodity analyst has made available the following information about the cobalt production in the Democratic Republic of Congo DRC in The country produced tonnes of cobalt with the following resources:
Labour: hours @ R per hour
Energy: R per month
Capital costs: R for the year
Expenditure on suppliers and Supplies: R for the year
Calculate the labour productivity per labourhour in terms of tonnes of cobalt produced in the DRC during the financial year round off answer to one decimal place
In relations to cobalt production in the DRC during the financial year, determine the multifactor productivity. Assume an average selling price of R per tonne round off the answer to two decimal places
Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by and respectively in without cutting production or changing any other input, determine the percent change in multifactor productivity? Assume an average selling price of R per tonne of cobalt in
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started