George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determinir the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the follo data representing a month from last year and an equivalent month this year: Last Year 1,500 300 Now 1,500 260 48 50 10,000 2,900 Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = 15.40 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = 4.17 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Capital Invested Productivity Change = -20 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Energy Productivity Change % enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). D 12,500 2,850

George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determinir the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the follo data representing a month from last year and an equivalent month this year: Last Year 1,500 300 Now 1,500 260 48 50 10,000 2,900 Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) The productivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: Labor Productivity Change = 15.40 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Resin Productivity Change = 4.17 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Capital Invested Productivity Change = -20 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). Energy Productivity Change % enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). D 12,500 2,850

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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