Martin Manufacturing has implemented several programs to improve its productivity. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. How much has Martin Manufacturing improved its productivity during the past year given the following data?

Last Year This Year

Output 10,500 units 12,100 units

Labour Hours $2,400 $3,750

Utilities $7,600 $8,250

Capital $83,000 $88,000

New Productivity - Old Productivity Productivity Improvement= ------------------------------------------------------- Old Productivity

options:

A) Between 8.0% and 8.99%

B) Between 5.00% and 5.99%

C) Between 6.0% and 6.99%

D) Between 7.0% and 7.99%

E) More than 9%