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29 July, 22:03

Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200, respectively. What is the multifactor productivity ratio? a. 1000b. 8c. 2d. 3e. 0.5

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  1. 29 July, 23:33
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    c. 2

    Explanation:

    The multifactor productivity ratio can be determined using the below mentioned formula:

    Multi factor productivity=Output worth/cost of material+cost of labor

    In the given question:

    Output worth=$1,000

    cost of material+cost of labor=$300+$200=$500

    Multifactor productivity=$1,000/$500=2

    So based on the above calculation, the answer is c. 2
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Home » Business » Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200, respectively. What is the multifactor productivity ratio? a. 1000b. 8c. 2d. 3e. 0.5
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