Posey Ceramics makes ceramic vases for a chain of de-partment stores. The output and cost figures over the past four weeks are shown here. Labor costs $10 an hour, and materials are $4 a pound. Calculate the (a) labor produc-tivity (in hrs), (b) material productivity (in lbs), and (c) multifactor productivity for each week. Comment on theresults. Week 1 2 3 4Units of output 2000 4000 5000 7000No. of workers 4 4 5 6Hours per week per worker 40 48 56 70Material (lbs) 286 570 720 1000
Posey Ceramics makes ceramic vases for a chain of de-partment stores. The output and cost figures over the past four weeks are shown here. Labor costs $10 an hour, and materials are $4 a pound. Calculate the (a) labor produc-tivity (in hrs), (b) material productivity (in lbs), and (c) multifactor productivity for each week. Comment on theresults. Week 1 2 3 4Units of output 2000 4000 5000 7000No. of workers 4 4 5 6Hours per week per worker 40 48 56 70Material (lbs) 286 570 720 1000
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
Related questions
Question
Posey Ceramics makes ceramic vases for a chain of de-
partment stores. The output and cost figures over the past
four weeks are shown here. Labor costs $10 an hour, and
materials are $4 a pound. Calculate the (a) labor produc-
tivity (in hrs), (b) material productivity (in lbs), and (c)
multifactor productivity for each week. Comment on the
results.
Week 1 2 3 4
Units of output 2000 4000 5000 7000
No. of workers 4 4 5 6
Hours per week per worker 40 48 56 70
Material (lbs) 286 570 720 1000
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.