a
Interpretation: Changes inLabor and multifactor productivity ratios are to be calculated.
Concept Introduction: Multifactor productivity is used to indicate the ratio of goods and services produced to many or all resources. It might be the value of the output divided by the sum of labor, overhead cost and materials.
Labor productivity: It is defined as an index that calculates output relative to input which is used to produce it. It is usually expresses as the ratio of output to input.
b
Interpretation: Number of E units to be sold to increase multifactor productivity are to be calculated.
Concept Introduction: Multifactor productivity is used to indicate the ratio of goods and services produced to many or all resources. It might be the value of the output divided by the sum of labor, overhead cost and materials.
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