What is the labour productivity ratio

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Student fee at Boston University is $200 per semester credit hour. The state supplements school revenue by $120 per semester credit hour. Average class size for a typical 3-credit course is 50 students. Labour costs are $6,000 per class, materials costs are $25 per student per class, and overhead costs are $15,000 per class.

i) What is the multifactor productivity ratio for this course process?

ii) If instructors work an average of 16 hours per week for 14 weeks for each 3-credit class of 50 students, what is the labour productivity ratio?

Reference no: EM132630180

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