Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,000 300 55 10,000 2,950 Now 1,000 250 48 12,500 2,500 roductivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: r Productivity Change = 20.12 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). n Productivity Change = % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,000 300 55 10,000 2,950 Now 1,000 250 48 12,500 2,500 roductivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: r Productivity Change = 20.12 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). n Productivity Change = % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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