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Questions and Answers
What is the formula for calculating multi-factor productivity?
What is the formula for calculating multi-factor productivity?
Productivity = Output Labor + Material + Energy + Capital + Miscellaneous
In the context of productivity, how are output and inputs often expressed?
In the context of productivity, how are output and inputs often expressed?
Output and inputs are often expressed in dollars.
What was the daily payroll cost for the old system with 4 staff working 8 hrs/day?
What was the daily payroll cost for the old system with 4 staff working 8 hrs/day?
$640/day
What is the new labor productivity in titles per labor-hour for the new system with 14 titles produced per day?
What is the new labor productivity in titles per labor-hour for the new system with 14 titles produced per day?
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What is the old labor productivity in titles per labor-hour for the old system with 4 staff working 8 hrs/day?
What is the old labor productivity in titles per labor-hour for the old system with 4 staff working 8 hrs/day?
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How did the overhead cost change in the new system compared to the old system?
How did the overhead cost change in the new system compared to the old system?
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What resource inputs are considered in the calculation of multi-factor productivity?
What resource inputs are considered in the calculation of multi-factor productivity?
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Why is multi-factor productivity important for businesses?
Why is multi-factor productivity important for businesses?
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What does the term 'total factor productivity' refer to?
What does the term 'total factor productivity' refer to?
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How is labor productivity typically measured?
How is labor productivity typically measured?
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