Assume there are 100 suppliers of widgets in the widget market. Half of these suppliers supply 35 widgets to the market each, a
1 answer:
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Answer: $1.637; $1.404
Explanation:
Given that,
Last year:
Output - Sales = $200,100
Input:
Labor = 30,100
Raw materials = 35,100
Energy = 5,010
Capital = 50,010
Other = 2,010
Input = 30,100 + 35,100 + 5,010 + 50,010 + 2,010
= 122,230
Total Productivity =
=
= $1.637
This year:
Output - Sales = $202,100
Input:
Labor = 40,100
Raw materials = 45,100
Energy = 6,050
Capital = 49,750
Other = 2,875
Input = 40,100 + 45,100 + 6,050 + 49,750 + 2,875
= 143,875
Total Productivity =
=
= $1.404