Operations Management
Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 2, Problem 3CTE
Summary Introduction

To explain: Efficiency improvement trap.

Introduction: Competitiveness, strategy making and productivity are three crucial aspects for a firm to withstand and succeed in present competitive business environment. These elements are interrelated which must be handled efficiently in order to attain competitive edge.

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While it is true that increased efficiency leads to increased productivity, it is also possible to fall into the efficiency improvement trap, please explain.
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below. QUANTITY $/UNIT $ 9,050/car $10,550/car Deluxe car 3,625 units sold 6,525 units sold 22,750 hours 29,865 hours Limited car Labor, Deluxe Labor, Limited $ 12/hour $ 15/hour What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.) Labor Productivity Units/hour Dollars Deluxe car Limited car
The graph shows the productivity curves in year 1 and year 2 for an Real GDP per hour of labor (2009 dollars) economy. 44- PC2 Draw a point to show real GDP per hour of labor in year 1 if capital per hour of labor is $30. Label it 1. Draw a point to show real GDP per hour of labor in year 2 if capital per hour of labor is $40. Label it 2. 40- 36- 32- 28- PC The upward shift of the productivity curve is due to increase in capital per hour of labor is due to and the 24- 20- O A. an increase in human capital or a technological advance; an increase in saving or an increase in investment in physical 16- capital 12- B. an increase in the population; an increase in the population 8- OC. an increase in saving; an increase in human capital 4- O D. an increase in investment in physical capital; a technological 0+ 10 20 30 40 50 60 70 80 advance Capital per hour of labor (2009 dollars) >>> Draw only the objects specified in the question. Selected: Delete Clear none Next
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