A hamburger factory produces 1,975 hamburgers each week. Assume there are 48 working weeks per year. The equipment used for making hamburgers costs $73,059 and will remain productive for 5 years. The factory has 10 employees and the average monthly salary is $4,000 per person. The average utility cost for the factory is $4,947 per month. What is the factory's multi-factor productivity, in terms of equipment and utility?

A hamburger factory produces 1,975 hamburgers each week. Assume there are 48 working weeks per year. The equipment used for making hamburgers costs $73,059 and will remain productive for 5 years. The factory has 10 employees and the average monthly salary is $4,000 per person. The average utility cost for the factory is $4,947 per month. What is the factory's multi-factor productivity, in terms of equipment and utility?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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