Various Financial Data Past Two Years Follow Last Year Year Output Sales 210 000 211 000 I Q34287832

Various financial data for the past two years follow.

LAST YEARTHIS YEAROutput:Sales$210,000$211,000Input:Labor31,00041,000Raw materials34,75044,750Energy4,8755,875Capital48,75050,050Other1,8753,010

a. Calculate the total productivity measure forthis company for both years. (Round your answers to 2decimal places.)

Total ProductivityLast yearThis year

b. Calculate the partial productivity measuresfor labor, capital, and raw materials for this company for bothyears. (Round your answers to 2 decimalplaces.)

Expert Answer

Productivity is nothing but the measure that gives clear pictureabout the efficiency of production. Productivity is calculated bydividing output by input in a specific period.

Multi-factor productivity is nothing but the measure that givesclear picture about the overall efficiency based on the labor andcapital inputs used in the