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For the month of February, a furniture manufacturer was able to produce 80 king size beds. He utilized three prime resources: workforce (520 hours for $13 per hour), raw material (100 logs for $5 per log) and equipment (20 days for $50 a day). Calculate the multifactor productivity.

For the month of February, a furniture manufacturer was able to produce 80 king size beds. He utilized three prime resources: workforce (520 hours for $13 per hour), raw material (100 logs for $5 per log) and equipment (20 days for $50 a day). Calculate the multifactor productivity.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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For the month of February, a furniture manufacturer was able to produce 80 king size beds. He utilized three prime resources: workforce (520 hours for $13 per hour), raw material (100 logs for $5 per log) and equipment (20 days for $50 a day). Calculate the multifactor productivity.
Transcribed Image Text:For the month of February, a furniture manufacturer was able to produce 80 king size beds. He utilized three prime resources: workforce (520 hours for $13 per hour), raw material (100 logs for $5 per log) and equipment (20 days for $50 a day). Calculate the multifactor productivity.
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