(Solved Homework): As part of a study for the Department of Labor Statistics. You are assigned the task of…

As part of a study for the Department of Labor Statistics. You are assigned the task of evaluating the improvement in productivity of small businesses. Data for one of the small businesses you are to evaluate is shown below. The data are the monthly average of last year and the monthly average this year. Determine the multifactor productivity using the following costs. labor: \$8 per capital: 0.83% per month of investment energy: \$ 60 per BTU

Total cost of any year , \$

= Labor rate / hour( \$8/ hour) x Labor hours + 0.83/100 x Capital Investment + \$60/BTU x Energy ( BTU)

Don't use plagiarized sources. Get Your Custom Essay on
(Solved Homework): As part of a study for the Department of Labor Statistics. You are assigned the task of…
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!

= 8 x Labor hours + 0.0083 x Capital investment + 60x Energy (BTU)

Thus Total cost last year , \$

= 8 x 350 + 0.0083×15000 + 60 x 3000

= 2800 + 124.5 + 180000

= 182924.5

Total cost this year , \$

= 8 x 325 + 0.0083 x 18000 + 60 x 2750

= 2600 + 149.4 + 165000

= 167749.4

Therefore,

Multifactor productivity last year

= 1500 dozens/ Total cost

= 1500 x 12 / 182924.5

= 18000 / 182924.5

= 0.0984 units per \$

Multifactor productivity this year

= 1500 dozens / 167749.4

= 18000/ 167749.4

= 0.1073 units per \$

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
\$0.00

How it works?

Follow these simple steps to get your paper done

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.