Question: Old process New process Output per hour 100 125 Labor cost per 8 hour shift $240 $160 Capital cost per 8 hour shift $640 $1000

Old process New process Output per hour 100 125 Labor cost per 8 hour shift $240 $160 Capital cost per 8 hour shift $640 $1000 With the expansion, they have the opportunity to either use their current equipment or to invest in new technology. Based on the multi-factor productivity, which is the best option? Question 8 options: Use the old process Use the new process They both are equally good

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