Shuster Metalworks Co Required:
Calculate the Total Factor Productivity Measure

Essay

Shuster Metalworks Co. has provided the following information for last year:
$$\begin{array} { l r l } \text { Pounds of metal input } & 21,000 & @ \$ 12 / \text { pound } \\\text { Lubor hours } & 8,000 & @ \$ 25 / \text { our } \\\text { Overhead costs } & \$ 165,000 & \\\text { Pounds of output produced } & 12,000 & @ \text { selling price of } \$ 70 / \text { pound }\end{array}$$
Required:
Calculate the total factor productivity measure.