Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,000 300 55 10,000 2,950 Now 1,000 250 48 12,500 2,500 roductivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: r Productivity Change = 20.12 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). n Productivity Change = % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) Last Year 1,000 300 55 10,000 2,950 Now 1,000 250 48 12,500 2,500 roductivity change for each of the inputs (Labor, Resin, Capital, and Energy) is: r Productivity Change = 20.12 % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary). n Productivity Change = % (enter your response as a percentage rounded to two decimal places and include a minus sign if necessary).

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 1CQ

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