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A manufacturing company would like to measure total factor productivity and labor productivity. Given the following data for the last 3 years, find the total factor and labor ratios for each year. How would you interpret the results? Category Year 1 Year 2 Year 3 (Figures are in thousands of dollars) Sales 110 129 124 Materials 62 73 71 Labor 28 33 28 Other Inputs 8 12 10
Tobin is an independent contractor for Wagoneer, Inc. While driving to a meeting at Wagoneer's headquarters, Tobin is texting his supervisor at Wagoneer. As a result of his inatten
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