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Imagine that Jackson Tech Innovations, LLC , refurbishes 4 5 0 , 0 0 0 laptops annually. The CEO, Olivia Jackson, is interested in establishing
Imagine that Jackson Tech Innovations, LLC refurbishes laptops annually. The CEO, Olivia Jackson, is interested in establishing a performance metric for evaluation and future benchmarking. She has asked you to calculate a multifactor productivity measure for the past year to set a standard for future comparisons. You have gathered the following data: Resource inputs included labor, hours; refurbishment kits; and energy, kilowatthours. The average labor cost last year was $ per minute, each refurbishment kit cost $ and energy costs were $ per kilowatthour. a Calculate the multifactor productivity? b If Jackson Tech employs more specialized technicians, they can refurbish laptops annually. By what amount could labor costs increase without decreasing the total productivity calculated in part a
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