What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input
What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input
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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I keep getting 0.1276 but i dont think its right
![True Value Jeans currently produces 96 pairs of jeans in an 8-hour day. The costs of production include:
Raw material
$12/pair
Labor
3 workers, $21/hour, 8 hours/day
Energy
$1/hour of machine time
Machines
3 machines, $10/hour, 8 hours/day](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32799cae-4c86-433b-a28a-928bfc3fa66f%2Ff42c5073-698c-4d9c-bc15-9bdc196b0c79%2F336doagc_processed.png&w=3840&q=75)
Transcribed Image Text:True Value Jeans currently produces 96 pairs of jeans in an 8-hour day. The costs of production include:
Raw material
$12/pair
Labor
3 workers, $21/hour, 8 hours/day
Energy
$1/hour of machine time
Machines
3 machines, $10/hour, 8 hours/day
![(c)
What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.)
Multifactor productivity
pairs of jeans per $ input](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F32799cae-4c86-433b-a28a-928bfc3fa66f%2Ff42c5073-698c-4d9c-bc15-9bdc196b0c79%2Fjamm2d_processed.png&w=3840&q=75)
Transcribed Image Text:(c)
What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.)
Multifactor productivity
pairs of jeans per $ input
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