Question 1 Long Beach Bank employs 3 loan officers, each working 9 hours per day. Each officer processes and average of 4 loans per day. The bank's payroll cost for the officers is $847 per day, and there is a daily overhead expense of $450. Compute the multifactor productivity, using loans per dollar cost as the measure. Question 2 Long Beach Bank employs 3 loan officers, each working 9 hours per day. Each officer processes and average of 5 loans per day. The bank's payroll cost for the officers is $952 per day, and there is a daily overhead expense of $585. The bank is considering the purchase of new computer software for the loan operation. The software will enable each loan officer to process 8 loans per day, although the overhead expense will increase by $50. Compute the new labor productivity