1. The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. What is the productivity ratio?

2. Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair? (Assume four weeks in each month and equal productivity for each hour worked.)

3. Various financial data for Rauniar Manufacturing for 2011 & 2012 follow.

2011($)2012($)

OutputSales300,000 330,000

Inputs:Labor40,00043,000

Raw Materials 45,00051,000

Energy10,0009,000

Capital Employed 250,000 262,000

Other2,0006,000

a. What is the percentage change in the energy partial productivity measure for Rauniar between 2011 & 2012?

b. What is the percentage change in the labor partial productivity measure for Rauniar between 2011 & 2012?

Please see attachment

Assignment 1 1. The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. What is the productivity ratio? 2. Larry's Auto Body Repair Shop had revenues that averaged $60,000 per week in April and $50,000 per week in May. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week but in May there were only 2 part-time workers and they only worked 10 hours per week. What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair? (Assume four weeks in each month and equal productivity for each hour worked.) 3. Various financial data for Rauniar Manufacturing for 2011 & 2012 follow. 2011($) 2012($) Output Sales 300,000 330,000 Inputs: Labor 40,000 43,000 Raw Materials 45,000 51,000 Energy 9,000 10,000 Capital Employed 250,000 262,000 Other 6,000 2,000 a. What is the percentage change in the energy partial productivity measure for Rauniar between 2011 & 2012? b. What is the percentage change in the labor partial productivity measure for Rauniar between 2011 & 2012