(Solved): 5. A firm uses two factories to produce its products. Each final product has a value of $120. The f ...

5. A firm uses two factories to produce its products. Each final product has a value of $$\$120$$. The following table provides last week's output, labor hours used (at $$\$25$$ per hour), and materials cost per unit. ( 6 points) a. Compute the multifactor productivity for each factory. (4 points) b. What is the productivity change on a percentage base when comparing the best factory to the worst factory? ( 2 points) (Note: use the best factory as P2, while the worst factory as P1)