1. Below are the monthly average data for a small business:
Production
1,500
Labor
350 hours @ $11 per hour
Energy (BTU)
3,000 BTU @ $0.60 per BTU
Capital
$10,000
(a) What is the Energy productivity in this case? Please provide the formula for calculating productivity, at least one step of calculation, and the correct answer for full credit.
Productivity= output/input
= 1500/3000
=0.5 BTU/DOZEN
(b) What is the total productivity? Please provide the formula for calculating productivity, at least one step of calculation, and the correct answer for full credit.
Is my answer for A correct and can you please help with B