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George Kyparisis (using data from Problem 1.6) determines his costs to be as follows:

  • Labor: $ 10 per hour
  • Resin: $ 5 per pound
  • Capital expense: 1% per month of investment
  • Energy: $. 50 per BTU

Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator.

 

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