Guble Company manufactures walless frem fabtic: In $2027,$ Guble made $2,360\mathrm{.}060$ wallets using $1,976,060$ efficient. At the same time, Guble wants to reduce capocity; copocity in $2021$ wus $2$ Bopopon wailets int a totol cost of $$8,400,000.$ Guble wants to reduce capacity to $2,$ a$50\mathrm{.}000$ wallety, at is total coat of $$8\mathrm{.}215,000$ in $2022.$

Suseose that in $2022$ Guble makes $2209,000$ wallets, uses $1,668000$ metres of fobros and redices eopocity to $2,650,000$ units and costs to $$8,215,000.$ And the fabric costs $$41$ per metre in $2022$ and $34\mathrm{.}2$ per metre in $2027.$

Aequired: $($do not found the interien calculation bat insund your ariswers to a decimat plores$)$

Compute Guble Company & tatal factor productivitiy $($TFP$)$ for $2022$

Compore TFP for $2022$ with o benchmark TFP for $2027$ inguts bosed an $2022$ cutaut.

Answer:

$1.$

Total factor productivity for

Quantity of output produced in $2022$