QUESTION 1 A Company that makes shopping carts for supermarkets and other stores

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QUESTION 1 A Company that makes shopping carts for supermarkets and other stores recently purcbased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of S0 carts per hour. Workers receive S10 per hour, and machine coast was $43 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $13 per hour while output increased by four carts per hour a) Compute the multifactor productivity (MFP) (labor plus equipment) under the Prior to buying the new equipment. The MFP (carts/s)- 0.7767 (round to 4 decimal places). b) Compute the productivity changes between the Prior to and after buying the new equipment. The productivity growth- 2.02 96 (round to 2 decimal places) QUESTION 2 Compute the multifactor productivity measure for an 8 hour day in which the usable output was 530 units, produced by 4 workers who used 750 pounds of materials. Workers have an hourly wage of 18 and material cost is 1.3 per pound. Overhead is 1.5 times labor cost. The multifactor productivity (units/S) (round to 4 decimal places) QUESTION 3 A health club has 4 employees who work on lead generation. Each employee works 35 hours a week, and is paid $21 an hour. Each employee identifies an average of 210 possible leads a week from a list of 8,000 names. Approximately 10 percent of the leads become members and pay a one-time fee of $115. Material costs are $350 per week, and overhead costs are $1,547 per week. Caleulate the multifactor productivity for this operation in fees generated per dollar of input. The multifactor productivity for this operation in fees generated per dollar of input (round to 4 decimal places)

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Answer:

Question: 1

A.   MFP:

Before:

B. MFP.

After:

Question: 2

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