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A company has provided the following data:
Last Year This Year
Output (units) 22,000 35,000
Labor $13,000 $15,000
Raw Materials $8,000 $12,000
Other $2,800 $4,800
Compute the labor productivity per labor dollar for both years.
Compute the multifactor productivity for both years.
What is the percentage change in multifactor productivity?
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