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A small bank has ten employees and processes 250 patients per day. Each employee works 8 hours per day. The banks total wage bill is
- A small bank has ten employees and processes 250 patients per day. Each employee works 8 hours per day. The banks total wage bill is $8,800 and its total overhead expenses are $3,000 per day. What are the banks single-factor labour productivity and its multi-factor productivity? (50 points)
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