Productivity Measures With Multiple Inputs and Outputs
A farmer grows two crops: lettuce and beans. The farmer uses three inputs: labor, seed, and fertilizer. The past prices and the quantities of each are given in the following tables: Required:
a. Calculate productivity measures for last year and this year using past prices.
b. Calculate the percentage change in productivity.

Question

Productivity Measures With Multiple Inputs and Outputs
A farmer grows two crops: lettuce and beans. The farmer uses three inputs: labor, seed, and fertilizer. The past prices and the quantities of each are given in the following tables:  Required:
a. Calculate productivity measures for last year and this year using past prices.
b. Calculate the percentage change in productivity.

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The Answer of Productivity Measures With Multiple Inputs and Outputs
A farmer grows two crops: lettuce and beans. The farmer uses three inputs: labor, seed, and fertilizer. The past prices and the quantities of each are given in the following tables:  Required:
a. Calculate productivity measures for last year and this year using past prices.
b. Calculate the percentage change in productivity.

Productivity Measures with Multiple Inputs and Outputs