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Consider a division of Miller Chemicals that produces water purification crystals for swimming. The major inputs used in the production process are labor, raw materials, and energy. For year 1, the labor costs are $280,000; raw materials cost $30,000; and energy cost amount to $15,000. Labor costs for Year 2 are $320,000; raw materials cost $40,000; and energy costs amount to $9,000. Miller chemicals produced 100,000 pounds of crystal in Year 1 and 150,000 pounds of crystal in Year 2.
a) What is the multi-factor productivity for Miller Chemicals in Years 1 and 2?
b) What is the percentage change in productivity?
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How much should the National Credit Union invest in each security so as to maximize its return on investment?
The Cody City Chamber of Commerce periodically sponsors public service seminars and programs which are open to the public. Currently, promotional plans are under way for this year's program.
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This week the industry used 107 employees to produce 3,338 units of output. Illustrate what was the percentage change in productivity.
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A metropolitan school system consists of three districts-north, south, and central. The north district contains 25% of all students, the south district contains 4O%, and the central district contains 35%.
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