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A manufacturing firm is producing Masks according to the data in the table below on monthly basis. What is the multifactor productivity for each month
A manufacturing firm is producing Masks according to the data in the table below on monthly basis. What is the multifactor productivity for each month if the workers are paid on an average of $32 per hour, raw material costs $3 per pound? Interpret the efficiency in percentage and your decision based on the efficiency. (Note: Write the formula, units and show the computation with all the steps).
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