Students’ tuition fee at a University is $ 300 per semester for a one-credit course. The state supplements school revenue by matching students’ tuition, dollar for dollar. The average class size for a typical one-credit course is of 50 students. Labor costs are $ 4000 per class, materials costs are $ 20 per student per class, and overhead costs are $ 25,000 per class. Clearly identifying the output and input(s), calculate themultifactor productivity for this course process. If instructors work an average of 14 hours per week for 16 weeks for each one-credit class of 50 students, what is thelabor productivity?
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