Illustrate what is the multifactor productivity ratio

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Reference no: EM1377327

Q. Med-Tech labs is a facility which provides medical tests also evaluations for patients, ranging from analyzing blood samples to performing magnetic resonance imaging (MRI). Average cost to patients is $60 per patient. Labour cost average $15 per patient, materials cost are $20 per patient also overhead costs are averaged at $20 per patient.

a. Illustrate what is the multifactor productivity ratio for Med-Tech? Illustrate what does you find outing mean?

Reference no: EM1377327

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