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What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input

What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input

Practical Management Science
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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I keep getting 0.1276 but i dont think its right 

True Value Jeans currently produces 96 pairs of jeans in an 8-hour day. The costs of production include: Raw material $12/pair Labor 3 workers, $21/hour, 8 hours/day Energy $1/hour of machine time Machines 3 machines, $10/hour, 8 hours/day
Transcribed Image Text:True Value Jeans currently produces 96 pairs of jeans in an 8-hour day. The costs of production include: Raw material $12/pair Labor 3 workers, $21/hour, 8 hours/day Energy $1/hour of machine time Machines 3 machines, $10/hour, 8 hours/day
(c) What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input
Transcribed Image Text:(c) What is the multifactor productivity for True Value? (Round answer to 4 decimal places, e.g. 2.5174.) Multifactor productivity pairs of jeans per $ input
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