Each Day a Firm Produces 50 Products Worth $40 Each

question 63

Multiple Choice

Each day a firm produces 50 products worth $40 each. Raw materials cost per unit are $12. The firm uses 4 workers on an eight-hour shift earning $10 per hour each. What is the multifactor productivity ratio?

• A) 1.82
• B) 0.77
• C) 3.16
• D) 0.12
• E) 2.17

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Definitions:

Unintentional Injuries

Wounds sustained unintentionally, commonly due to mishaps.

Topical Anesthetic

A medication applied to a specific area of the body to numb sensation, often used before minor procedures or to relieve pain from conditions affecting the skin.

Ethical Principle

A fundamental guideline or rule that drives moral behavior and decision-making, often based on notions of right and wrong.