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Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week. Material costs per week Capital investment Current (this year) 280 $970 $400 $340 $0 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity ) Current (this year) 2 haircuts/dollar 2 haircuts/dollar 2 haircuts/dollar 2 haircuts/dollar % Expected (next year) Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places. Expected (next year) 340 $1,025 $340 $370 $15,000 haircuts/dollar haircuts/dollar haircuts/dollar haircuts/dollar Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less electricity. Inputs and Outputs Hairstyles per week Labor costs per week Energy costs per week. Material costs per week Capital investment Current (this year) 280 $970 $400 $340 $0 Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places. Productivity ) Current (this year) 2 haircuts/dollar 2 haircuts/dollar 2 haircuts/dollar 2 haircuts/dollar % Expected (next year) Labor Energy Material Total What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places. Expected (next year) 340 $1,025 $340 $370 $15,000 haircuts/dollar haircuts/dollar haircuts/dollar haircuts/dollar
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SingleFactor Productivity Measures 1 Labor Productivity Haircuts per dollar of labor cost Current th... View the full answer
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