Problem:
The New city hospital has kept track of ts patients billings and labor costs during the last two years.
Required:
Question 1) How has the hospital's labor productivity changed?
2 years ago: Total Billings: 10,230,000, labor costs 4,375,000.
Last year: Total billings: 12,450,000, labor costs 5,200,000?
Solve the problem and show all work.