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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 450,000 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, 15,000 hours; 450 refurbishment kits; and energy, 95,000 kilowatt-hours. The average labor cost last year was $2 per minute, each refurbishment kit cost $1,500, and energy costs were $5 per kilowatt-hour. a) Calculate the multifactor productivity? b) If Jackson Tech employs more specialized technicians, they can refurbish 550,000 laptops annually. By what amount could labor costs increase without decreasing the total productivity calculated in part a?

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