Guble Company manufactures wallets from fabric. In 2019, Guble made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Guble has capacity to make 3,510,000 wallets and incurs a cost of $10,530,000 for this capacity. In 2020, Guble plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Guble makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $9,963,000. Assume the fabric costs $4.40 per yard in 2020 and $4.60 per yard in 2019.

Guble Company manufactures wallets from fabric. In 2019, Guble made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Guble has capacity to make 3,510,000 wallets and incurs a cost of $10,530,000 for this capacity. In 2020, Guble plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Guble makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $9,963,000. Assume the fabric costs $4.40 per yard in 2020 and $4.60 per yard in 2019. Read the requirements Reference X Requirement 1. Compute Guble Company's total factor productivity (TFP) for 2020. To assist you, use the popup to identify the various components of the formula (Click to view the components you will use in your formulas.) A Cost of capacity in 2019 B Cost of capacity in 2020 C Costs of inputs used in 2019 at 2020 output and prices D Costs of inputs used in 2020 based on 2019 prices E Costs of inputs used in 2020 based on 2020 prices F Qty of output produced in 2019 G Qty of output produced in 2020 Determine the formula for the total factor productivity (TFP) for 2020, then calculate the ratio (Round the ratio to four decimal places.) G E TFP for 2020 using 2020 prices 0.1534 units of output per dollar of input 2878200 18757500 Print Done Requirement 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output. To assist you, use the popup to identify the various components of the formula. 2 (Click to view the components you will use in your formulas.) Requirements Begin by determining the formula used to calculate the benchmark TFP for 2019 inputs based on 2020 output, then complete the calculation. (Round the ratio to four decimal places.) G Benchmark TFP 2878200 1754999 units of output per dollar of input 1. Compute Guble Company's total factor productivity (TFP) for 2020. 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output 3. What additional information does TFP provide that partial productivity measures do not? (Round the percentage to the nearest tenth percent, X.X%.) The total factor productivity by % from 2019 to 2020. Print Done Requirement 3. What additional information does TFP provide that partial productivity measures do not? A major advantage of TFP over partial productivity measures is that TFP Vand so measures gains from using fewer physical inputs and substitution among inputs. Partial productivities be combined to indicate the overall effect on cost as a result of these individual improvements. Choose from any list or enter any number in the input fields and then continue to the next question. Guble Company manufactures wallets from fabric. In 2019, Guble made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Guble has capacity to make 3,510,000 wallets and incurs a cost of $10,530,000 for this capacity. In 2020, Guble plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Guble makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $9,963,000. Assume the fabric costs $4.40 per yard in 2020 and $4.60 per yard in 2019. Read the requirements Requirement 1. Compute Guble Company's total factor productivity (TFP) for 2020. To assist you, use the popup to identify the various components of the formula. (Click to view the components you will use in your formulas.) -X Reference Determine the formula for the total factor productivity (TFP) for 2020, then calculate the ratio. (Round the ratio to four decimal places.) G E TFP for 2020 using 2020 prices 0.1534 units of output per dollar of input A Cost of capacity in 2019 B Cost of capacity in 2020 C Costs of inputs used in 2019 at 2020 output and prices D Costs of inputs used in 2020 based on 2019 prices E Costs of inputs used in 2020 based on 2020 prices F Qty of output produced in 2019 G Qty of output produced in 2020 2878200 18757500 Requirement 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output. To assist you, use the popup to identify the various components of the formula. (Click to view the components you will use in your formulas.) Print Done Begin by determining the formula used to calculate the benchmark TFP for 2019 inputs based on 2020 output, then complete the calculation. (Round the ratio to four decimal places.) G Benchmark TFP 2878200 1754999 units of output per dollar of input (Round the percentage to the nearest tenth percent, X.X%.) The total factor productivity by % from 2019 to 2020. Requirement 3. What additional information does TFP provide that partial productivity measures do not? A major advantage of TFP over partial productivity measures is that TFP and so measures gains from using fewer physical inputs and substitution among inputs. Partial productivities be combined to indicate the overall effect on cost as a result of these individual improvements Guble Company manufactures wallets from fabric. In 2019, Guble made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Guble has capacity to make 3,510,000 wallets and incurs a cost of $10,530,000 for this capacity. In 2020, Guble plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Guble makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $9,963,000. Assume the fabric costs $4.40 per yard in 2020 and $4.60 per yard in 2019. Read the requirements Reference X Requirement 1. Compute Guble Company's total factor productivity (TFP) for 2020. To assist you, use the popup to identify the various components of the formula (Click to view the components you will use in your formulas.) A Cost of capacity in 2019 B Cost of capacity in 2020 C Costs of inputs used in 2019 at 2020 output and prices D Costs of inputs used in 2020 based on 2019 prices E Costs of inputs used in 2020 based on 2020 prices F Qty of output produced in 2019 G Qty of output produced in 2020 Determine the formula for the total factor productivity (TFP) for 2020, then calculate the ratio (Round the ratio to four decimal places.) G E TFP for 2020 using 2020 prices 0.1534 units of output per dollar of input 2878200 18757500 Print Done Requirement 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output. To assist you, use the popup to identify the various components of the formula. 2 (Click to view the components you will use in your formulas.) Requirements Begin by determining the formula used to calculate the benchmark TFP for 2019 inputs based on 2020 output, then complete the calculation. (Round the ratio to four decimal places.) G Benchmark TFP 2878200 1754999 units of output per dollar of input 1. Compute Guble Company's total factor productivity (TFP) for 2020. 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output 3. What additional information does TFP provide that partial productivity measures do not? (Round the percentage to the nearest tenth percent, X.X%.) The total factor productivity by % from 2019 to 2020. Print Done Requirement 3. What additional information does TFP provide that partial productivity measures do not? A major advantage of TFP over partial productivity measures is that TFP Vand so measures gains from using fewer physical inputs and substitution among inputs. Partial productivities be combined to indicate the overall effect on cost as a result of these individual improvements. Choose from any list or enter any number in the input fields and then continue to the next question. Guble Company manufactures wallets from fabric. In 2019, Guble made 2,665,000 wallets using 1,625,000 yards of fabric. In 2019, Guble has capacity to make 3,510,000 wallets and incurs a cost of $10,530,000 for this capacity. In 2020, Guble plans to make 2,878,200 wallets, make fabric use more efficient, and reduce capacity. Suppose that in 2020 Guble makes 2,878,200 wallets, uses 1,998,750 yards of fabric, and reduces capacity to 2,767,500 wallets at a cost of $9,963,000. Assume the fabric costs $4.40 per yard in 2020 and $4.60 per yard in 2019. Read the requirements Requirement 1. Compute Guble Company's total factor productivity (TFP) for 2020. To assist you, use the popup to identify the various components of the formula. (Click to view the components you will use in your formulas.) -X Reference Determine the formula for the total factor productivity (TFP) for 2020, then calculate the ratio. (Round the ratio to four decimal places.) G E TFP for 2020 using 2020 prices 0.1534 units of output per dollar of input A Cost of capacity in 2019 B Cost of capacity in 2020 C Costs of inputs used in 2019 at 2020 output and prices D Costs of inputs used in 2020 based on 2019 prices E Costs of inputs used in 2020 based on 2020 prices F Qty of output produced in 2019 G Qty of output produced in 2020 2878200 18757500 Requirement 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output. To assist you, use the popup to identify the various components of the formula. (Click to view the components you will use in your formulas.) Print Done Begin by determining the formula used to calculate the benchmark TFP for 2019 inputs based on 2020 output, then complete the calculation. (Round the ratio to four decimal places.) G Benchmark TFP 2878200 1754999 units of output per dollar of input (Round the percentage to the nearest tenth percent, X.X%.) The total factor productivity by % from 2019 to 2020. Requirement 3. What additional information does TFP provide that partial productivity measures do not? A major advantage of TFP over partial productivity measures is that TFP and so measures gains from using fewer physical inputs and substitution among inputs. Partial productivities be combined to indicate the overall effect on cost as a result of these individual improvements