The My Phuong plant produces 500 pine jewelry boxes in two 10-hour shifts. Due to higher demand, they have decided to operate three 8-hour shifts instead. They are now able to produce 600 jewelry boxes per day. What has happened to productivity? O It has increased by 20%. O It has decreased by 8.3%. O It has not changed. OIt has increased by 37.5 boxes/hr. It has decreased by 9.1%.

The My Phuong plant produces 500 pine jewelry boxes in two 10-hour shifts. Due to higher demand, they have decided to operate three 8-hour shifts instead. They are now able to produce 600 jewelry boxes per day. What has happened to productivity? O It has increased by 20%. O It has decreased by 8.3%. O It has not changed. OIt has increased by 37.5 boxes/hr. It has decreased by 9.1%.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 19RQ: What shapes would you generally expect each of the following cost curves to have: fixed costs,...

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