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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.
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 business you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year.Determine the multifactor productivity with dollars as the common denominator for: A Last yearB. This yearC. Then determine the percentage change in productivity for the monthly average last year versus the monthly average this year on a multifactor basis. Labor $ per hour;Capital per month of investment ;energy $ per BTUChart:Production: last year this yearLaborhours: last year this yearCapital Investment$: last year this yearEnergyBTU: last year this year
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