Labor productivity and multifactor productivity of different process. Introduction Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the level of wages of the individuals.

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Chapter 1, Problem 15P

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To determine: Labor productivity and multifactor productivity of different process.

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Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the level of wages of the individuals.

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