b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.) Multifactor productivity U.S. LDC
b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.) Multifactor productivity U.S. LDC
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:b. Compute the multifactor productivity figures for labor and capital together. (Round your answers to 2 decimal places.)
Multifactor productivity
U.S.
Raw material productivity
c. Calculate raw material productivity figures (units/$ where $1 = 10 units of the foreign currency). (Round your answers to 2 decimal
places.)
LDC
U.S.
LDC

Transcribed Image Text:A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results:
U.S.
90,000
20, 105
$19,550 (US)
63,000
Sales (units)
Labor (hours)
Raw materials (currency)
Capital equipment (hours)
(FC) Foreign Currency unit
a. Calculate partial labor and capital productivity figures for the parent and subsidiary. (Round your answers to 2 decimal places.)
This is a numeric cell, so please
enter numbers only.
Labor product
Capital productivity
LDC
20,010
15, 120
21,000 (FC)
5,120
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