Please show work Given these daily production figures answer
Please show work.
Given these daily production figures, answer the productivity questions that follow. What is the labor productivity? What is the multifactor (MFP) productivity? If Capital costs are reduced by 1,000, what is the % change in MFP?Solution
a. labor productivity= 1000/400= 2.5 per hour/ one labor
sorry, I am unable to intepret the values to find MFP, i tried alot but fials.
b.
