00 Verizon 6:24 PM ezto.mheducation.com 0.85 points Problem 2-9 A company offers

Question

00 Verizon 6:24 PM ezto.mheducation.com 0.85 points Problem 2-9 A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $20 per hour per employee. Each employee identifies an average of 3,200 potential leads a week from a list of 5,100. An average of 7 percent of potential leads actually sign up for the service, paying a one-time fee of $65. Material costs are $1,100 per week, and overhead costs are $12,000 per week. Calculate the multifactor productivity for this operation in fees generated per dollar of input. (Round your answer to 2 decimal places.) Multifactor productivity References Book & Resources Worksheet Difficulity: 3 Hard Problem 2-9 Learning Objective: 02-07 Describe several factors that Check my work

Explanation / Answer

here strike rate per employee 3200*7% =224

therefore for 3 employees total revenue or output =3*224*65=43680

total input =material cost+employee cost+overhead =1100+3*40*20+12000=15500

therefore multifactor productivity =43680/15500=2.818

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