Question: Problem 1.7 (book/static) Question Help Eric Johnson makes billiard balls in this plant. With recent increases in his costs, he has a newfound interest in

Problem 1.7 (book/static) Question Help Eric

Problem 1.7 (book/static) Question Help Eric Johnson makes billiard balls in this plant. With recent increases in his costs, he has a newfound interest in efficiency. Eric is interested in determining the productivity of his organization. He would like to know if his organization is maintaining an increase in productivity. He has the following data representing a month from last year and an equivalent month this year Cost Per Input Unit Units Produced Labour (hours) Resin (kilograms) Capital invested (S) Energy (BTU) Last Year 1,000 300 25 10,000 3,000 Now 1.000 275 23 11,000 2,850 $10 per hour $10 per kg 1% per month $0.50 per BTU Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dolars as the common denominator The percent change in mitfactor productivity for one month last year versus one month this year-% (enter your response as a percentage rounded to two decimal places)

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