2. Calculate the multifactor productivity for a catering company, using the following information:

In a week, the company produces 750 meals at an average price of $10 per meal. The average cost for each meal is $5. The catering company needed 3 employees to work 40 hours each at a rate of $12 per hour. The company has weekly overhead costs of $200.

3. Today a worker processed 50 records in 8 hours. Yesterday, this same worker processed 48 records in 7.5 hours.

a. Calculate the productivity for each day

b. Calculate the percentage change in productivity

c. Does the change represent an increase or decrease in productivity? How do you know (that this is in increase or a decrease)?