Question: A company has improved its production process. Under the old process, 15 workers could produce 4,902 units per hours and the materials cost $52 per

A company has improved its production process. Under the old process, 15 workers could produce 4,902 units per hours and the materials cost $52 per unit of output. Workers are paid $13 per hour and the finished product is sold for $121 per unit.

After the improvement, materials costs have been reduced by $13 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)

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