Homework Answers
1. VALUES
LABOR = 40
OUTPUT = 400
PRODUCTIVITY = OUTPUT / TOTAL INPUT
PRODUCTIVITY = 400 / (40) = 10
2. VALUES
LABOR = 40
OUTPUT = 600
PRODUCTIVITY = OUTPUT / TOTAL INPUT
PRODUCTIVITY = 600 / (40) = 15
3. Unit increase in productivity = new productivity - old productivity = 5
4. % increase
CHANGE IN PERCENTAGE = ((NEW - OLD) / OLD) * 100
% = ((0.427 - 0.352) / 0.352 = 21.31
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