A company has improved its production process. Under the old process, 15 workers could produce 87 units
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A company has improved its production process. Under the old process, 15 workers could produce 87 units per hour, and materials cost $49 per unit of output. Workers are paid $22 per hour and the finished product is sold for $296 per unit. After the improvement, materials costs have been reduced by $5 per unit of output, but it now takes three more workers to make the same amount of output. What is the percentage change in multifactor productivity.
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
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