Productivity Measurement, Technical and Aliocative Efficiency, Partial Measures Bellasty Company produces handcrafted pottery that uses two inputs: materials and laboc. During the past quartec, 29,000 units were produced, requiring 116,000 pounds of materials and 58,000 hours of labon. An engineering efficiency study commissioned by the local university revealed that Beliamy can produce the same 29,00 units of output using either of the following two combinations of inputs: The cost of materials is $10 per pound; the cost of labor is $12 per hour. The calculation of the current productivity ratios is as it describes what it is. The calculation of the F1 productivity ratios is predictive 2. Compute the output-input ratio for each input of Combination F2. If required, round your answers to two decimal places. Does this represent a productivity improvement over the current use of inputs? Now, compare these ratios to those of Combination F1. What has happened? +2 has productivity for materials and productivity for labor. 3. Compute the cost of produeing 29,000 units of output using Combination F1. Compare this cos to the cost using Combination 12 . Does moving from Combination F1 to Combination fz represent a productivity improvement? What would be your recommendation to bellamy? Overail, Combination F1 produces the productivity improvement for Bellamy than Combination F2. 4. Some would aroue that the entire productiviy anulysis from start to finish is an example of a prescriptive data analytic model. What case would you make to support this position? A Sata analytic model produces an outcome that tells the decision maker what should be dane