Student tuition at Midlands State University is $950 per semester credit hour. The Government supplements school revenue by $200 per semester credit hour. Average class size for a typical 3- credit course is 50 students. Labor costs are $4 000 per class, material costs are $150 per student per class, and overheard costs are $25 000 per class

1. What is the multifactor productivity ratio for this course process (10 marks)?
2. If instructors work an average of 14 hours per week for 16 weeks for each 3- credit class for 50 students, what is the labor productivity ratio? (10 marks)