A pen manufacturer produces two kinds of pen in two separate workshops (workshop 1 for low-end pen, and workshop 2 for high-end pen), and each workshop has 12 employees. The unit material cost is $50 for low-end pen, and $100 for high-end pen. Each employee receives $200 per working hour. The company produces 2,400 low-end pens at a unit selling price of $100 and 1,600 high-end pens at a unit selling price of $250 each day. The annual overhead expense incurred in operating the production plant is $4000 per working day. Assume the operating time of both workshops to be 10 hours per day. a. b. Compute the labour productivity of the two workshops, respectively. Note that you are required to use low-end (or high-end) pens per dollar cost as the measure of labour productivity. [4 marks] Determine the multi-factor productivity ($output/$input) of the manufacturer. Interpret your answer. [4 marks] In the following year, the manufacturer introduces a new equipment into workshop 2. The manufacturer transfers five (5) employees from workshop 2 to workshop 1 (because fewer employees are needed with the new equipment for the high-end pen and the demand for low-end pen becomes higher). Since then, the output of high-end pens becomes 3,200 each day. The equipment cost is $1,250 per hour. The labour productivity of workshop 1 remains unchanged. C. d. Compute the output rate of workshop 1 after the introduction of the new equipment to workshop 2. [4 marks] Determine the multi-factor productivity ($output/$input) of the manufacturer after the introduction of the new equipment. [6 marks] Compute the growth of the multi-factor productivity of the manufacturer. [2 marks] e