2) Excellent Mugs Inc. produced 1,600,000 units in 2017 at a units of output per dollar of input cost was $0.09. Its cost of input at 2017 prices that would have been used in 2016 was $20,000,000. How much did the total factor productivity (TFP) increase as a result of 2017 operations

the total factor productivity (TFP) increase as a result of 2017 operations is 12.5%

Explanation:

The computation of the total factor productivity (TFP) increase as a result of 2017 operations is given below;

The Unit produced in 2016 is

= $20,000,000 x $0.09

= 1,800,000

Now

Total factor productivity increase for the year 2017 is

= (1,800,000 - 1,600,000) ÷ 1,600,000

= 12.5%

Hence, the total factor productivity (TFP) increase as a result of 2017 operations is 12.5%

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

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