Question: A company has improved its production process. Under the old process, 1 6 workers could produce 4 , 4 9 2 units per hours and

A company has improved its production process. Under the old process, 16 workers could produce 4,492 units per hours and the materials cost $60 per unit of output. Workers are paid $14 per hour and the finished product is sold for $108 per unit.
After the improvement, materials costs have been reduced by $12 per unit of output and it now takes 3 fewer workers to make the same amount of output.
What is the percentage change in multifactor productivity? (do not use a % sign, e.g. enter 50% as .5)
A company has improved its production process. Under the old process,

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