Question

QUESTION 18 Big Al's Carwash cleaned 7,855 cars last month, consuming the following resources: Labor: 595 hours per month at $15 per hour Solvent: 85 gallons per month at $7 per gallon They also financed an equipment lease of $892 per month What was their multifactor productivity last month? Excel Access Click Save and Submit to save and submit. Click Save All Answers to save all answers. Mad DOO esc 80 F3 FA

Answer 1

Output = 7855 cars

Inputs:

Labor = 595 hours @ $15 per hour = 595 * 15 = $8,925‬

Solvent = 85 gallons @ $7 per gallon = 85 * 7 = $595‬

Equipment lease = $892

Total inputs = 8925 + 595 + 892 = $10,412‬

Multifactor productivity = 7855 / 10412 = 0.754 cars / dollar

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