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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 60 carts per hour. Workers receive $12 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 equipment cost increased by $11 per hour while output increased by 5 carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.) Before carts per worker per hour After carts per worker per hour b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 2 decimal places.) Before carts/dollar cost After carts/dollar cost c. Comment on the changes in productivity according to the two measures. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "%" signs in your response.)
You have been invited by the Garber Corporation to interview for a newly created position in the company as a health education specialist. The position has been described as one that will focus on helping employees change their health behavior. “Of ..
What company will you research and what makes it interesting from an Operations Management perspective?What do you already know about this topic and what research questions do you expect to answer?What kinds of sources do you plan to use for resear..
Discuss the basic design dimensions managers must consider in structuring an organization. Describe five structural configurations for organizations.
Aircraft wait for a refueling station at O'Hare field. It takes an average of 20 minutes to completely refuel an airplane, and aircraft arrive at the rate of two planes per hour. Would it be a good idea to add the second station? How many stations ar..
identify two competitors in business such as walmartreg and targetreg or honda motor companyreg and ford motor
1. If the required return is 10 percent and the company applies the profitability index decision rule, which project should the firm accept? 2. If the company applies the NPV decision rule, which project should it take?
Discuss the probable impact of society as a whole if the 10 facts about money and banking were clearly understood by everyone in the country.
(Quality) Consider the following potential quality problems: Wine that is served in a restaurant sometimes is served too warm, while at other times it is served too cold. A surgeon in a hospital follows the hygiene procedures in place on most days, b..
Develop an action plan of key events and activities that they can undertake over the next 6 months to acquire the knowledge, skills and behaviours identified as requiring development in Section 1.
Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7.4%. Assume that the risk-free rate of interest is 6..
Which of the provisions or clauses in this chapter are the most important to you, and why? To what extent does the accidental death benefit provision of a life insurance policy violate the rules of good risk management?
In early 2001, investment spending sharply declined n the U.S.. In the two months following the Sept. 11,2001 attacjs on the U.S., consumption also declined. Use AD-AS analysis to show the two impacts on real GDP.
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