Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 2 [ 1 2 Marks ] A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo

QUESTION 2[12 Marks] A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo (DRC) in 2021. The country produced 120000 tonnes of cobalt with the following resources: Labour: 1200000 hours @ R250.00 per hour Energy: R8000000 per month Capital costs: R160000000 for the year Expenditure on suppliers and Supplies: R120000000 for the year Required: 2.1. Calculate the labour productivity per labour-hour in terms of tonnes of cobalt produced in the DRC during the 2021 financial year (round off answer to one decimal place).2.2. In relations to cobalt production in the DRC during the 2021 financial year, determine the multifactor productivity. Assume an average selling price of R60000 per tonne (round off the answer to two decimal places).2.3. Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by 50% and 30% respectively in 2022 without cutting production or changing any other input, determine the percent change in multifactor productivity? (Assume an average selling price of R55000 per tonne of cobalt in 2022).

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Analysis For Management

Authors: Barry Render, Ralph M. Stair, Michael E. Hanna

11th Edition

9780132997621, 132149117, 132997622, 978-0132149112

More Books

Students also viewed these General Management questions