Question: Problem 2 . At Modem Lumber, Inc., Art Binley, a president and a producer of an apple crates sold to growers, has been able, with
Problem
At Modem Lumber, Inc., Art Binley, a president and a producer of an apple crates sold to growers, has been able, with his current equipment, to produces crates per logs He currently purchases logs per day, and each logs required labor hours to process. He believes that he can hire a professional buyer who can buy a better quality log at the same cost. If this is the case, he increases his production to crates per logs His labor hours will increase by hours per day. What will be the impact on productivity measured in crates per laborhour if the buyers is hired? What is the Growth in productivity in this case?
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