Question: Please show work to find the answer -0.77 Chapter 1 homework Bakery variables Last year Now Production (Output) 1,500 1,500 Labor (Hours) 350 325 Capital
Please show work to find the answer -0.77
Chapter 1 homework Bakery variables Last year Now Production (Output) 1,500 1,500 Labor (Hours) 350 325 Capital investment ($) 15,000 18,000 Energy (BTU) 3,000 2,750 Calculate the productivity change for each input and the calculate the average productivity for all of them and compare it to the national GDP of 2.5%
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