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Garant Company manufactures wallets from fabric. In 2018, Gerhart made 2.500.000 wallets using 1.950.000 metres of fabric in 2019. Gerhart plans to make 2.250.000 willets
Garant Company manufactures wallets from fabric. In 2018, Gerhart made 2.500.000 wallets using 1.950.000 metres of fabric in 2019. Gerhart plans to make 2.250.000 willets and wants to make fabric use morellident At the same time, Gerhart wants to reduce capacity, capacity in 2018 was 3.050.000 wallets at a total cost of 57 625 000. Gerhart wants to reduce capacity to 2,800.000 wallets, a total cost of 57,560,000 in 2019. Suppose that in 2019 Getur makes 2250 000 waits 2.087.500 metres of fabric, and reduces capacity to 2,800.000 units and costs to 57.560.000. Assume the fabric costs 512 permetre in 2013 and 14:30 per motre in 2018 Required 1. Compito Gerhart Company's total factor productivity (TFP) for 2019 2. Compare TFP 2015 with a benchmark TFP for 2018 input based on 2019 output 3. What additional formation does TFP provide that partial productivity measures do not
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