Question 3 Modern Lumber, Inc. (MLI) produces apple crates, which it sells to growers. With the current equipment, MLI produces 242 crates per 94 logs. It currently purchases 94 per day, and each log requires 3 labor hours to process. ML is considering the hire of a professional buyer who can buy better quality logs at the same cost. If this is the case, MU can increase production to 268 crates per 94 logs, and labor hours required will increase by 8 hours per day (for the buyer). Compute the labor productivity for the current method (i.e., no buyer). Question 4 Modern Lumber, Inc. (MLI) produces apple crates, which it sells to growers. With the current equipment, MLI produces 242 crates per 102 logs. It currently purchases 102 per day, and each log requires 3 labor hours to process. ML is considering the hire of a professional buyer who can buy better quality logs at the same cost. If this is the case, Mu can increase production to 270 crates per 102 logs, and the labor hours required will increase by 7 hours per day (for the buyer). What will the labor productivity be if MLI hires the professional buyer? Question 5 Long Beach Bank employs 4 loan officers, each working 7 hours per day. Each officer processes and average of 5 loans per day. The bank's payroll cost the officers is $891 per day, and there is a daily overhead expense of $419. Compute the labor productivity. Question 6 Long Beach Bank employs 4 loan officers, each working 8 hours per day. Each officer processes an average of 4 loans per day. The bank's payroll cost for the officers is $862 per day and is a daily overhead expense of $559. The bank is considering the purchase of new computer software for the loan operation. The software will enable each loan officer to process 9 loans per day, although the overhead expense will increase by $50. Compute the new multifactor productivity