Compute the multifactor productivity

Assignment Help Mathematics

Reference no: EM131800139

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 department, and equipment cost increased by $13 per hour while output increased by four carts per hour.

a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = (round to 4 decimal places).

b) Compute the productivity changes between the Prior to and after buying the new equipment. The productivity growth =

Reference no: EM131800139

Questions Cloud

How many machine-hours were worked during the period : Melbourne Company estimated that machine-hours for the year would be 39,300 hours and overhead (all fixed) would be $157,200

What are cost drivers? : What are cost drivers? How do cost drivers relate to cost pools? Name two or three different cost drivers for each of these cost pools

Pair of downhill skis yields a profit : Company A makes downhill and cross country skis. A pair of downhill skis requires 2 man-hours for cutting, 1 man-hour for shaping and 3 man-hours

Define case of the no establishment clause : The establishment clause is different from freedom of conscience because it deals with unconstitutional state endorsements on religious practices.

Compute the multifactor productivity : Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/$) = (round to 4 decimal places).

Include the slack variables : Tell the story behind each basic feasible solution sure to include the slack variables and specify if this is a maximum.

Discuss the interest annuity and the principal repayment : The issue price is equal to the present value of the interest annuity and the principal repayment

Significant segment of a business : The disposal of a significant segment of a business is called and A successful grocery store would probably have

Establishment clause to label anything as unconstitutional : Congress would be inflicting with the No Establishment Clause to label anything as unconstitutional, because everyone is entitled to practice of any faith.

User Account

All Pages