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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 $day and overhead costs of $ per day. This office processed an average of seven titles each day. Then, the office purchased a computerized titlesearch system that allowed the processing of an average of titles per day. Although the staff, work hours, and pay were the same, the overhead costs went up to $ per day.
a Calculate the labour productivity in the old and the new systems. Round the final answers to decimal places.
Labour Productivity
Old
titles per worker per day
New
titles per worker per day
a How much in percentage has the labour productivity grown? Do not round intermediate calculations. Round the final answer to decimal place.
Growth
b Calculate the multifactor productivity in the old and the new systems. Round the final answers to decimal places.
Multifactor Productivity
Old
titles per $ cost
New
titles per $ cost
b How much in percentage has the multifactor productivity grown? Do not round intermediate calculations. Round the final answer to decimal place.
Growth
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