Problem 1 A company manufactures billiard boards in a manufacturing facility. With recent increases in costs, the company is interested in measuring manufacturing efficiency, and whether the new im- provements it has implemented have resulted in 3% better productivity. It obtained the following information LAST YEAR CURRENT YEAR Units produced 10,000 10,000 Labour (hours) 300 275 Resin (kg) 100 95 Energy (kWh) 3,000 2.850 Labour cost ($/hour) 20.00 21.50 Resin ($/kg) 2.00 2.10 Energy (S/kWh) 0.09 0.10 a. Evaluate the productivity of units per each of the three manufacturing inputs (labour, resin and energy), for each year. Do the separate measures indicate a 3% improvement? b. Evaluate the same productivity measures as in step (a) but in terms of monetary cost. Is the 3% improvement still present? c. Calculate the multi-factor productivity improvement. Have the improvements worked