Productivity. The manager of a crew that installs wood floors has tracked the crew's output over the past several weeks. Each worker works 35 hours per week and earns $19 per hour. The wholesale cost of lumber to the company is foot, and the company charges its customers $21 per square foot of flooring installed. Week Crew Size Lumber Used (sq. ft Flooring Installed Sq ft 1 6 480 430 2 4 381 335 3 2 228 260 4 5 487 525 A. Calculate labor productivity for each of the weeks shown. B. Suppose that in addition to labor cost and wholesale lumber cost, the firm's overhead is 140% of its labor cost. Calculate multi-factor productivity for each week.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

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