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Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excelient location, demand has increased by 55% in the last

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Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excelient location, demand has increased by 55% in the last year. On far too many occasions. customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a stafl meeting. one employee suggested ways to load the ovens diflerently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 looves per month. Employees are paid 50 per hour. in addition to the labor cost. Charles also has a constant utiay cost per month of $700 and a per loat ingredient cost of 50.35 After increasing the number of work hours to 992 per month, the multifactor productivity = loaves/dollar (round your response to three decimal places)

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