Multiple Choice
Each day a firm produces 50 products worth $40 each. Raw materials cost per unit are $12. The firm uses 4 workers on an eight-hour shift earning $10 per hour each. What is the multifactor productivity ratio?
A) 1.82
B) 0.77
C) 3.16
D) 0.12
E) 2.17
Correct Answer:
Verified
Correct Answer:
Verified
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