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Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 4 5 % in

Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 45% 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 staff meeting. one employee suggested ways to load the ovens differently so that moce loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requing additional marpower. This is the only production change that will be made in order to meet the increased demand. The bakery currently makes 1,800 loawes per month. Employee paid $8 per hour. In addition to the labor cost, Charles also has a constant utility cost per month of $800 and a per loaf ingredient cost of $0.35.
Current multuactor productivity for 640 work hours per month =0.275 lowes/dollar (cound your response to three decimal places).
After increasing the number of work hours to 928 per month, the multifactor productivity =0.286' loarves/dollar (round your response to three decimal places).
The percentage increase in productivity =(enfer your response as a percentage rounded to mo decimal places).
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