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A company has been able to produce 230 crates by 5 workers in an 8-hour day. If the company hires additional skilled worker to improve productivity, it would yield to 268 crates. However, the total required time would increase by 5 labor hours because of the new hire. What would be the impact on productivity, measured in crates/labor-hours, if the new worker is hired. Round to 2 decimal places O a. 5% O b. 4% Oc 3.57% O d. None of these O e. -5%

A company has been able to produce 230 crates by 5 workers in an 8-hour day. If the company hires additional skilled worker to improve productivity, it would yield to 268 crates. However, the total required time would increase by 5 labor hours because of the new hire. What would be the impact on productivity, measured in crates/labor-hours, if the new worker is hired. Round to 2 decimal places O a. 5% O b. 4% Oc 3.57% O d. None of these O e. -5%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A company has been able to produce 230 crates by 5 workers in an 8-hour day. If the company hires additional skilled worker to improve productivity, it would yield to 268 crates. However, the total required time would increase by 5 labor hours because of the new hire. What would be the impact on productivity, measured in crates/labor-hours, if the new worker is hired. Round to 2 decimal places O a. 5% O b. 4% O c. 3.57% O d. None of these O e. -5%
Transcribed Image Text:A company has been able to produce 230 crates by 5 workers in an 8-hour day. If the company hires additional skilled worker to improve productivity, it would yield to 268 crates. However, the total required time would increase by 5 labor hours because of the new hire. What would be the impact on productivity, measured in crates/labor-hours, if the new worker is hired. Round to 2 decimal places O a. 5% O b. 4% O c. 3.57% O d. None of these O e. -5%
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