![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 labor: $8 per hour . capital: 8.3% per month of investment energy: $.60 per BTU Production Labor Capital Energy Last Year 1500 350 15000 3000 This Year 1500 325 18000 2750 a. What is the percent change in the labor productivity? 11.7 b. What is the overall multi-factor productivity change? [Select ]](https://media.cheggcdn.com/media%2F638%2F6384da24-cb76-4621-9b68-0857732b75ec%2FphpiiUbSg.png)
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Part Study Department Labor Statistics Assigned Task Evaluating Improvement Productivity S Q34301022
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