PARTIAL PRODUCTIVITY MEASUREMENT. Guble Company manufactures wallets from fabric. In 2021, Guble made 2,500,000 wallets using 1,875,000 metres of fabric. In 2022, Guble plans to make 2,650,000 wallets and wants to make fabric use more efficient. At the same time, Guble wants to reduce capacity; capacity in 2021 was 3,000,000 wallets at a total cost of $9,000,000. Guble wants to reduce capacity to 2,800,000 wallets, at a total cost of $8,680,000 in 2022. Suppose that in 2022 Guble makes 2,650,000 wallets, uses 1,669,500 metres of fabric, and reduces capacity to 2,800,000 units and costs to $8,680,000. Assume the fabric costs $4 per metre in 2022 and $4.10 per metre in 2021 Required 1. Compute Guble Company's total factor productivity 2. Compare TFP for 2022 with a benchmark TFP for 2021 inputs based on 2022 output. 3. What additional information does TP provide that partial productivity measures do not?

Correct answer for 1st part is 0.1725 units PLEASE HELP WITH OTHER TWO