As part of a study for the Department of Labor Statistics, you are assigned the task of evaluating the improvement in pr

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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
multi-factor productivity using the following costs:
a. What is the percent change in the labor
productivity? [ Select
] ["7.7", "11.7", "8.9",
"2.3"] %
b. What is the overall multi-factor productivity
change? [ Select ]
["1.8", "11.2", "2.3",
"7.9"] %
A local university is considering changes to its class structure
in an effort to increase professor productivity. The old schedule
had each professor teaching 5 classes per week, with each class
meeting an hour per day on Monday, Wednesday, and Friday. Each
class contained 20 students.
The new schedule has each professor teaching only 3 classes, but
each class meets daily (Mon.-Fri.) for an hour. New classes contain
50 students.