Various financial data from the past two years follows:
Last Year This Year
Sales Output $200,000 $220,000
Labor 30,000 40,000
Raw Materials 35,000 45,000
Energy 5,000 6,000
Capital 50,000 50,000
Other 2,000 3,000
A) What the labor productivity for this year vs last year?
B) Compute the multifactor productivity for last year and this year.
C) What is the percentage change in the multifactor productivity?
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