A paper factory produces 70,000 paper each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? a. 228 b. 229 c. 230 d. 231 e. 232
A paper factory produces 70,000 paper each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period? a. 228 b. 229 c. 230 d. 231 e. 232
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question
A paper factory produces 70,000 paper each week. The equipment used costs $10,000 and will remain productive for four years. The labor cost per year is $13,500. What is the productivity measure of “units of output per dollar of input” averaged over the four-year period?
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a. 228
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b. 229
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c. 230
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d. 231
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e. 232
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