Question
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $30 per hour per employee. Each employee identifies an average of 2,500 potential leads a week from a list of 4,700. An average of 5 percent of potential leads actually sign up for the service, paying a one-time fee of $65. Material costs are $1,300 per week, and overhead costs are $10,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Multifactor productivity = ???
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