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12 April, 21:36

Louise Bragan has a sideline business of carving candlestick holders. She began by hand carving them with simple tools. On average, it costs $150 in materials, and miscellaneous costs ran $50 to produce 1,300 candlestick holders. She estimates that her labor cost was $200. What was her multifactor productivity to produce candlestick holders

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  1. 13 April, 00:37
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    3.25 holder/$

    Explanation:

    Given:

    Material cost = $150

    Miscellaneous costs = $50

    Labor cost = $200

    Total production = 1300 candlestick

    Multi-factor productivity = Output / (labor cost + material cost+capital+Miscellaneous costs)

    Multi-factor productivity = 1300 / ($200+$150+$50)

    Multi-factor productivity = 1300 / ($400)

    Multi-factor Productivity = 3.25 holder/$
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