Prior to Buy new equipment -
Output = 87 carts per hour
Labor Cost = 13*4 = 52
Machine Cost = 32
Input = Total Cost = 52+32 = 84
Multifactor Productivity = Output / Input = 87 / 84 = 1.0357
After buying new equipment -
Output = 87 + 4 = 91 carts per hour
Labor Cost = 13*3 = 39
Machine Cost = 32 + 18 = 50
Input = Total Cost = 39+50 = 89
Multifactor Productivity = Output / Input = 91 / 89 = 1.0225
% Growth in Multifactor Productivity = (1.0225-1.0357)*100/1.0357
% Growth in Multifactor Productivity = -1.27% (decrease in productivity)
QUESTION 4 A Company that makes shopping carts for supermarkets and other stores recently purchased some...
QUESTION 4 A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 4 workers, who produced an average of 82 carts per hour. Workers receive $11 per hour, and machine coast was $52 per hour. With the new equipment, it was possible to transfer one of the workers to another department,...
QUESTION 4 A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of 78 carts per hour. Workers receive $10 per hour, and machine coast was S36 per hour. With the new equipment, it was possible to transfer one of the workers to another department,...
QUESTION 4 A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of 78 carts per hour. Workers receive $10 per hour, and machine coast was S36 per hour. With the new equipment, it was possible to transfer one of the workers to another department,...
A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 4 workers, who produced an average of 82 carts per hour. Workers receive $11 per hour, and machine coast was $52 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment...
QUESTION 1 6 A Company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of 80 carts per hour. Workers receive $10 per hour, and machine coast was $43 per hour. With the new equipment, it was possible to transfer one of the workers to another...
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 5 workers, who together produced an average of 70 carts per hour. Workers receive $19 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and...
Problem 2-4 A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces t labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used five worke who together produced an average of 80 carts per hour. Workers receive $10 per hour, and machine cost was $40 per hour. With t new equipment, it was possible to transfer one of the workers to another...
1. 2. A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 90 carts per hour. Workers receive $16 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another...
Help Seve A company that makes shopping carts for supermarkets and other stores recenty purchased some new equipment that reduces the labor content of the Jobs needed to produce the shopping carts. Prior to buying the new equipment, the company who together produced an average of 60 carts per hour. Workers new equipment, t was possible to transfer one of the workers to another department, and equipment cost increased by $11 per hour whille output Increased by 5 carts per...
Please answer the following question correctly: Problem 2-4 A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 7 workers, who together produced an average of 100 carts per hour. Workers receive $15 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer...