Question: QUESTION 3 (20 Marks) Study the information provided below and a iswer the following questions. INFORMATION According to the article, The new and upgr ded

QUESTION 3 (20 Marks) Study the information provided below and a iswer the following questions. INFORMATION According to the article, "The new and upgr ded facilities were essential to unlock the plant's installed capacity of 200000 vehicles per year...", and "The expanded production "or the Next-Gen Ranger also contributed to significant job creation [with] the addition of a third production shift at the Silverton plant in 2022 . A total of 1200 jobs were added for the new shift, taking Ford's total workforce to 5500 employees." Each employee at the Silverton plant worke 18 hours per day for 300 days during 2022. Required: 3.1. Suppose that 5000 employees were di ectly involved in the production of the 200000 at the Silverton plant during 2022 , calculate the expected labour productivity a the Silverton plant in terms of vehicle per labour hour (round off answer to four decimal (5marks) places). 3.2. The information provided below relater to the operations at the Silverton plant (after the expanded production) during the 2022 financial year: If the average ex-factory price of the Next-Cin Ford Ranger vehicle produced at the silvenon pran the multifactor productivity after the expand d production (round off answer to two decimal places). 3.3. Suppose that the multifactor productivit at the Silverton plant before the expanded production was 9.25 , determine the multifactor productivity (MFP) growth rate (round off answer to two decimal places). (4marks) 3.4. By extracting relevant evidence from the article, suggest TWO possible reasons for the productivity growth that has taken place (4marks) at the Silverton plant as evidenced by the a swer obtained in question 3.3 above
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