A company has provided the following data:
Last Year This Year
Output (units) 22,000 35,000
Labor $13,000 $15,000
Raw Materials $8,000 $12,000
Other $2,800 $4,800
a) Compute the labor productivity per labor dollar for both years.
b) Compute the multifactor productivity for both years.
c) What is the percentage change in multifactor productivity?