Question
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16.
Compute the multifactor productivity measure for each of the weeks shown for production of chocolate bars. Assume 40-hour weeks and an hourly wage of $16. Overhead is 1.5 times weekly labor cost. Material cost is $9 per pound. (Round your answers to 2 decimal places.)
| Week | Output (units) | Workers | Material (lbs) |
| 1 | 33,000 | 6 | 480 |
| 2 | 38,000 | 7 | 530 |
| 3 | 27,000 | 5 | 470 |
| 4 | 37,000 | 7 | 570 |
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
