Question
. A manufacturing company produce four kinds of products named x1, x2, x3, x4. The following table shows the resources needed for producing one unit
. A manufacturing company produce four kinds of products named x1, x2, x3, x4. The following table shows the resources needed for producing one unit of each product as well as the production rates per day.
Labour (Hours)
Machine (Hours)
Raw material (Pounds)
Production
X1
1
0.5
6
200
X2
0.5
0.2
16
300
X3
0.8
1
8
400
X4
0.2
0.8
4
100
This company consumes 5000 kilowatt-hours of Energy per day. Average labor cost is 12$ per hour, average machine cost is 10$ per hour, raw material costs 2$ per pound, and energy charges 3$ per kilowatt-hour.
a)What is the multifactor productivity?
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