Reset BIU S obe AV. Adu A - Section Align Text ALL-> Convert to SmartArt n{}* Paragraph Hes Font Arrange Oulck Styles Drawing 14 2 1 0 1 John's Hemp Farm John grows hemp. Last year, he used 80 acres of land, 250,000 gallons of water and 5 tons (or 10,000 pounds) or fertilizer to harvest a total of 360 bales of hemp. Water costs $3 per 1,000 gallons, fertilizer can be purchased for $.25 per pound, and the cost per acre (taxes, etc.) is $50. What is John's output in bales per acre? What is his multifactor productivity in bales per dollar spent? This year he tries a new farming method. He still uses 80 acres of land, but reduces water consumption to 200,000 gallons and fertilizer to 4 tons. The cost of fertilizer increased to $1 per pound; other unit costs stayed the same. His output is now 350 bales. What is his new multifactor productivity? What is the unit change in productivity? What is the percentage change