Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and theyproduced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan's bakery,productivitySelect one:O a. Increased by 24.,50 percent between 2006 and 2007.O b. Decreased by 2.33 percent between 2006 and 2007.O c Increased by 3.75 percent between 2006 and 2007.d. Increased by 2.33 percent between 2006 and 2007.

Productivity = Output / Number of labor hours per day, where Number of labor hours per day = Workers…

Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they oroduced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan's bakery, productivity Felect one: O a. Increased by 24.50 percent between 2006 and 2007. O b. Decreased by 2.33 percent between 2006 and 2007. O c Increased by 3.75 percent between 2006 and 2007. O d. Increased by 2.33 percent between 2006 and 2007.

Nathan owns a bakery that bakes only cakes. All of his bakers work 8 hours per day. In 2006, he employed 5 bakers and they oroduced 200 cakes each day. In 2007, he employed 6 bakers and they produced 249 cakes each day. In Nathan's bakery, productivity Felect one: O a. Increased by 24.50 percent between 2006 and 2007. O b. Decreased by 2.33 percent between 2006 and 2007. O c Increased by 3.75 percent between 2006 and 2007. O d. Increased by 2.33 percent between 2006 and 2007.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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