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A land title search office had three employees ( each working eight hours per day, for a total payroll cost of $ 4 8 0

A land title search office had three employees (each working eight hours per day, for a total payroll cost of $480/day), and overhead costs of $300 per day. This office processed an average of seven titles each day. Then, the office purchased a computerized title-search system that allowed the processing of an average of 12 titles per day. Although the staff, work hours, and pay were the same, the overhead costs went up to $600 per day.
a-1. Calculate the labour productivity in the old and the new systems. (Round the final answers to 2 decimal places.)
Labour Productivity
Old
2.33
titles per worker per day
New
4
titles per worker per day
a-2. How much (in percentage) has the labour productivity grown? (Do not round intermediate calculations. Round the final answer to 1 decimal place.)
Growth
0.13
%
b-1. Calculate the multi-factor productivity in the old and the new systems. (Round the final answers to 3 decimal places.)
Multifactor Productivity
Old
0.091
titles per $ cost
New
0.114
titles per $ cost
b-2. How much (in percentage) has the multi-factor productivity grown? (Do not round intermediate calculations. Round the final answer to 1 decimal place.)
Growth
20.4
%

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