The store which is more productive. Introduction Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

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Answer 1

Question

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

b)

Summary Introduction

To determine: The store which is to be closed.

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Tried and True’s accountant (from Problem 1-1) suggeststhat monthly rent and hourly wage rate also be factoredinto the productivity calculations. Annandale pays thehighest average wage at $6.75 an hour. Blacksburg pays$6.50 an hour, Charlottesville $6, and Danville $5.50. Thecost to rent store space is $1800 a month in Annandale,$2000 a month in Blacksburg, $1200 a month in Charlottesville, and $800 a month in Danville.a. Which store is most productive?b. Tried and True is not sure it can keep all four stores open.Based on multifactor productivity, which store would youclose? What other factors should be considered?

A company has collected the data as shown in the table below for the factories it operates. The plants are of similar size and capacity. All data are in thousands of US$. Calculate the labor, capital and multifactor (including, labor, capital and materials) productivity for each plant for all years. Using the data in the table, plot plant A’s and B’s labor productivity on the same graph. Using the data in the table, plot plant A’s and B’s capital productivity on the same graph. Using the data in the table, plot plant A’s and B’s multifactor productivity on the same graph. Evaluate each factory’s performance overtime both independent of the other factory and relative to the other factory, what would you recommend? West Bank Factory Gaza Strip Factory Year Sales Labor Capital Materials Sales Labor Capital Materials 2010 3480 178 870.5 1780 3510 180 878 2080 2011 3790 191 967 2030 3820 195 1023 2060 2012 4030…

A factory produces 14,000 desk staplers each week. The equipment used costs $50,000 and will remain productive for four years. The labor cost per year is $190,000. a. What is the productivity measure of "units of output per dollar of input" averaged over the four-year period? Assume that there are 52 weeks per year. Round your answer to two decimal places. units of output per dollar input b. We have the option of buying $55,000 of new equipment, with an operating life of seven years. It would reduce labor costs to $124,000 per year. Should we consider purchasing this equipment (using productivity arguments alone)? Assume that there are 52 weeks per year. Round your answer for productivity to two decimal places. For the newer machine, the productivity is -Select-, it would be a-Select- investment. -Select- higher lower units of output per dollar input. Because the productivity of the new machine is

Answer 2

Question

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

b)

Summary Introduction

To determine: The store which is to be closed.

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Answer 3

Question

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

b)

Summary Introduction

To determine: The store which is to be closed.

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Answer 4

Question

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

b)

Summary Introduction

To determine: The store which is to be closed.

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Answer 5

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

b)

Summary Introduction

To determine: The store which is to be closed.

Answer 6

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

Answer 7

Chapter 1, Problem 2P

a)

Summary Introduction

To determine: The store which is more productive.

Introduction

Productivity can be explained as the measure of level of competitiveness of an organization. It is measured by calculating the ratio of number of outputs produced to the number of inputs used. An increase in the productivity increases the standard of living of the individuals.

Answer 8

b)

Summary Introduction

To determine: The store which is to be closed.

Answer 9

b)

Summary Introduction

To determine: The store which is to be closed.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 1.S - Prob. 1P Ch. 1.S - Prob. 2P Ch. 1.S - Prob. 3P Ch. 1.S - Prob. 4P Ch. 1.S - Prob. 5P Ch. 1.S - In Problem S1-5 assume that Nicole, with the help...Ch. 1.S - Prob. 7P Ch. 1.S - Prob. 8P Ch. 1.S - Telecomp, a computer manufacturer with a global...Ch. 1.S - Prob. 10P

Solution Summary: The author explains that productivity is the measure of level of competitiveness of an organization. It is measured by calculating the ratio of outputs produced to the number of inputs used.

Concept explainers

To determine: The store which is to be closed.

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Chapter 1 Solutions