The following information is given for a manufacturing firm: Which of the following correctly describes the change
Question:
Which of the following correctly describes the change in productive efficiency from Year 1 to Year 2?
a. Material and labor productivity both increased.
b. Material and labor productivity both decreased.
c. Material productivity decreased and labor productivity increased.
d. Material productivity increased and labor productivity decreased.
Transcribed Image Text:
Year 1 1,000 200 2,000 Year 2 Units produced Materials used (lbs.) Labor used (hours) 2,000 500 2,500
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c Productivity ratios for each year are as ...View the full answer
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