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9. Consumer price index for the period 1999-2003 was given on the table, Calculate rate of inflation 1X 5 =5 Points) 1999 110.5 2000 113.5
9. Consumer price index for the period 1999-2003 was given on the table, Calculate rate of inflation 1X 5 =5 Points) 1999 110.5 2000 113.5 2001 116.4 2002 119.0 2003 122.3 10. a company PR-Honda Ltd which is engaged in the manufacturing automotive engine parts. Recently, the company's management conducted a study to understand the impact of increasing workers on the production volume of the company. As per the study, the monthly production volume increased from 700,000 pieces in FY2020 to 800,000 pieces in FY2021 owing to a corresponding increase in a number of labors from 600 to 650. Calculate the marginal product of the labor of the company for the newly added labor force. Also, compare the productivity of the new labor force with the existing ones. (6 points) Calculate: a) MPL b) Existing Productivity of firm New Productivity of firm
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