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QUESTION 2 [ 1 2 Marks ] A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo
QUESTION Marks A commodity analyst has made available the following information about the cobalt production in the Democratic Republic ofCongo DRC in The country produced tonnes of cobalt with the following resources: Labour: hours @ R per hour Energy: R per month Capital costs: R for the year Expenditure on suppliers and Supplies: R for the year Required: Calculate the labour productivity per labourhour in terms of tonnes of cobalt produced in the DRC during the financial year round off answer to one decimal place In relations to cobalt production in the DRC during the financial year, determine the multifactor productivity. Assume an average selling price of R per tonne round off the answer to two decimal places Assuming that the capital costs and the energy bill in relations to cobalt production were reduced by and respectively in without cutting production or changing any other input, determine the percent change in multifactor productivity? Assume an average selling price of R per tonne of cobalt in
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