At​ Symtecks, the output of a process is valued at ​$ per unit. The cost of labor is ​$ per hour including benefits. The accounting department provided the following information about the process for the past four​ weeks: Week 1 Week 2 Week 3 Week 4
Units Produced 1124 1,310 1,092 981
Labor (S) 12,735 14,842 10,063 9,526
Material (S) 21,041 24,523 20,442 18,364
Overhead (S) 8,992 10,480 8,736 7,848

Required:
a. Use the multifactor productivity ratio to see whether recent process improvements had any effect and, if so, when the effect was noticeable.
b. Has labor productivity changed? use the labor productivity ratio to support your answer.

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4