Sailmaster makes high-performance sails for competitive windsurfers. The following is information about the inputs and outputs for one model, the Windy 2000. Units sold 1,216
Sale price each $1,700
Total labor hours 47,172
Wage rate $14/hour
Total materials $61,150
Total energy $4,005
Calculate the productivity in sales revenue/labor expense. (Round your answer to 2 decimal places.)

Suppose the production function in an economy is y = k0.5l0.5, where k is the amount of capital and l is the amount of labor. the economy begins with 64 units of capital and 16 units of labor. use a calculator and equations in the chapter to find a numerical answer to each of the following questions. what are the wage and the rental price of capital? the wage is equal to unit(s) of output and the rental price of capital is equal to unit(s) of output.