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Part II: Reduction in labor cost - Using the calculations from above - Assume 305,025 hours of work needed every year - Productivity increases from
Part II: Reduction in labor cost - Using the calculations from above - Assume 305,025 hours of work needed every year - Productivity increases from 75% to 85% - Round number of workers to whole numbers (below .5, round down; .5 and above, round up) 2. What is the total dollar change in labor expense from this increase in productivity? 3. What is the percent change in labor expense from this increase in productivity
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