Question: Calculation questions, 1 0 points each. PLEASE SHOW YOUR WORK. The Dulac Box plant produces wooden packing boxes to be used in the local seafood
Calculation questions, points each. PLEASE SHOW YOUR WORK.
The Dulac Box plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make boxes per day, in two hour shifts boxes per shift The company has introduced some moderate changes in equipment, and conducted appropriate job training, so that production levels have risen to boxes per shift. Labor costs average $ per hour for each of the fulltime workers on each shift. Capital costs were previously $ per day, and rose to $ per day with the equipment modifications. Energy costs were unchanged by the modifications, at $ per day.
a What is the firm's multifactor productivity before the changes?
b What is the firm's multifactor productivity after the changes?
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