The Following Information Is Supplied by the Redmond State Company

question 89

Multiple Choice

The following information is supplied by the Redmond State Company: $\begin{array} { l }&2018&2019\\\text { Output (units) }&175,000&190,500\\\\\text { Input quantities: }\\\text { Materials (pounds) }&40,500&52,000\\\\\text { Input prices: }\\\text { Materials (per pound) }&\$6.50&\$9\end{array}$
What is the partial operational productivity measure for materials for 2018? (Round the answer to two decimal places.)

• A)4.70
• B)4.32
• C)3.66
• D)3.37

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Definitions:

GDP

Gross Domestic Product, a measure of the economic production and growth, which quantifies the total value of all goods and services produced over a specific time period within a country.

Bicycle Company

A business entity that specializes in the manufacturing, distribution, and sale of bicycles and related equipment and accessories.

National Income

The total income earned by a nation's people and businesses, including salaries, profits, and investment income, within a specific period.

Net National Product

The total value of all goods and services produced by a country's residents in a year, minus depreciation.