Make-Do, a national automotive painting service, paints cars for $199. Their work standard for such a job is $20.00 for labor and $30.00 for paint. They consume $10 worth of supplies and $3 of energy during their service. What is their total factor productivity?

Question

Quizplus · Accepted Answer

Total factor productivity = (Output / Input)Output = $199Input = $20 (labor) + $30 (paint) + $10 (supplies) + $3 (energy) = $63Total factor productivity = $199 / $63 = 3.16

Make-Do, a National Automotive Painting Service, Paints Cars for $199