Question: Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with

Martin Manufacturing has implemented several

Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. How much has Martin Manufacturing improved its productivity during the past year given the following data? Last Year This Year Output 10,500 units 12,100 units Labour Hours $2,400 $3,750 Utilities $7,600 $8.250 Capital $83,000 $88,000 New Productivity - Old Productivity Productivity Improvement: Old Productivity more than 9% Between 7.0% and 7.99% Between 6.0% and 6.99% Between 5.00% and 5.99% Between 8.0% and 8.99%

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