1. A team of six workers assembles furniture. If this team can assemble 240 chairs in five days, working eight hours per day, what are:
The team’s labor productivity in chairs per day?
The team’s labor productivity in chairs per hour?
One worker’s labor productivity in chairs per day?
One worker’s labor productivity in chairs per hour?
If a refining operation can extract $150 worth of output from $45 worth of materials, what is the operation’s material productivity?
2. The refining operation from the previous question requires the following inputs to produce $150 worth of output:
$45 of materials
$25 of energy
$30 of labor
$20 of machinery
3. What is the operation’s multi-factor productivity?