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A manufacturing operation working 8 hrs a day produces 500 units. These units were produced by five workers who used 300 poun

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Answer #1

Answer a= Labor productivity = 500/(5*8) =12.5 units/labor hours

Answer b= Multifactor productivity= 500/(5*8*10+300*3+1.5*5*8*10) =0.2632 or26.32%

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