As part of a study for the Department of labor Statistics, you are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses, data for one of the small business you are to evaluate is shown at right, the data are the monthly average of last year and the monthly average this year.Determine the multi-factor productivity with dollars as the common denominator for:

a)Last year

b)This year

c)Then determine the percent change in productivity for monthly average last year versus the monthly average this on a multi-factor basis.

Labor:$8 per hour;

Capital:0.83% per month of investment;

Energy:$.60 per BTU.

Monthly Average

Last YearThis Year

Production (dozen)1,5001,500

Labor (hours) 350325

Capital Investment ($)15,000 18,000

Energy (BTU) 3,0002,750