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2. Hotdog Palace was facing labor shortage (and higher per-hour labor cost) in the last month. Following table shows the production statistics. November December
2. Hotdog Palace was facing labor shortage (and higher per-hour labor cost) in the last month. Following table shows the production statistics. November December 5575 $11000 $3700 $2200 5225 $10500 $3500 $2000 Orders fulfilled Labor cost Material cost Overhead costs a. What is the multi-factor productivity in November? Show calculations to earn credit. b. What is the multi-factory productivity in December? Has productivity increased or decreased? c. What is the percentage of productivity change? Show calculations to earn credit. Is it an increase or decrease? (Note: Percent change = (New-Old)/Old x 100%) d. Hotdog Palace has decided not to change the price of the food. What can you predict about the profits of Hotdog Palace? Explain your reasoning.
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