Question: Question 1 - Productivity [8 points] ABC Corp. is an automotive parts manufacturing firm. At the beginning of 2018, they implemented several new programs to

Question 1 - Productivity [8 points] ABC Corp. is an automotive parts manufacturing firm. At the beginning of 2018, they implemented several new programs to improve their productivity. ABC is asking you to evaluate the firm's productivity by comparing their performance in 2019 with that in 2018. The following data is available to you: Output (units) Labor Hours Utilities Capital 2018 15000 12000 8,000 94,000 2019 15000 11000 9,000 92,000 $ $ $ $ a) [3 Points) Find the firm's labor productivity for 2018 and for 2019. Round you answer to the nearest 2 decimal places. Labor productivity for 2018 = Labor productivity for 2019 = b) (2 Points) What is the percent change in labor productivity from 2018 to 2019? Round you answer to the nearest 2 decimal places and specify whether it is an increase or a decrease in labor productivity. Percent Change = c) (3 Points) If the cost of labor is $20 per hour, what is the total measure of productivity for the firm in each of the two years? Round you answer to the nearest 2 decimal places. Total productivity for 2018 = Total productivity for 2019 =

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