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Evaluate the firm productivity by comparing

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A company has asked you to evaluate the firm's productivity by comparing this year's performance with last year's. The following data are available:  

 

Last Year

This Year

Output

4,000 units

4,000 units

Labor Hours

350  

300

Utilities (BTUs)

4,800

3,250

Capital

$8,000

$9,500

(a) Has the company improved its productivity during the past year in all the three categories? Explain your results in percentage terms.

(b) Which category shows the greatest increase and which shows the least?

Reference no: EM133075877

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