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Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully
Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that the added investment will increase output levels as well as reduce energy costs, since some of the new equipment hair dryers use less electricity.
Inputs and Outputs Current this year Expected next year
Hairstyles per week
Labor costs per week $ $
Energy costs per week $ $
Material costs per week $ $
Capital investment $ $
Using the given information, determine the current and expected singlefactor and total productivity measures. Do not round intermediate calculations. Round your answers to three decimal places.
Productivity Current this year Expected next year
Labor
haircutsdollar
haircutsdollar
Energy
haircutsdollar
haircutsdollar
Material
haircutsdollar
haircutsdollar
Total
haircutsdollar
haircutsdollar
What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
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