Goldstein Company manufactures wallets from fabric. In 2013, Goldstein made 2,665,000 wallets using 1,625,000 yards of fabric. In 2013, Gerhart has capacity to make 3,510,000 wallets and incurs a cost of $12,285,000 for this capacity. In 2014, Goldstein plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2014 Goldstein makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 units and costs to $8,025,750. Assume the fabric costs $3.70 per yard in 2014 and $3.85 per yard in 2013. Requirements 1. Compute Goldstein Company's total factor productivity (TFP) for 2014. 2. Compare TFP for 2014 with a benchmark TFP for 2013 inputs based on 2014 prices and output. 3. What additional information does TFP provide that partial productivity measures do not