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Osborne Industries is compiling the monthly productivity report for its Board of Directors. From the following data, calculate the multifactor productivity. If output remains the same but Osborne is able to reduce the labor hours used to 8,000, what would be the percentage change in the multifactor productivity.

Units produced $ 100,000
Labor hours 10,000
Machine hours 5,000
Cost of materials 15,000

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9700126

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