Consider - a small manufacturing company which produces high quality furniture has provided the following data: 

                                                               2000                            2001

Output: (cost of sales)                                $2.2m                          $3.5m

Inputs: 

Labour                                                      $1m                             $1.5m

Material and supplies                                   $0.8m                          $1.25m

Capital equipment depreciation                      $0.07m                        $0.48m

Compare all partial factor and total factor productivity for 2000 and 2001.

What conclusions do you draw?

Posted Date: 3/15/2013 3:29:08 AM | Location : United States

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