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The Big Brother Box ( 3 B ) produces packing boxes for the local vegetable farms. Currently, they are making 5 0 0 boxes per

The Big Brother Box (3B) produces packing boxes for the local vegetable farms. Currently, they are making 500 boxes per day, in two 8-hour shifts (250 boxes per shift). The company has introduced some moderate changes in equipment, and conducted appropriate employee training, so that production levels have risen to 340 boxes per shift. Labor costs average $10 per hour for each of the 5 full-time workers on each shift. Capital costs were previously $3000 per day, and rose to $3700 per day with the equipment modifications. Energy costs were unchanged by the modifications, at $430 per day. What is the 3B's multifactor productivity after the changes?
Note:
1- Only round your final answer.
2- Round your final answer to 2 decimal places. Enter your final answer with 2 decimal places.
Your Answer:The Big Brother Box (3B) produces packing boxes for the local vegetable farms.
Currently, they are making 500 boxes per day, in two 8-hour shifts (250 boxes per
shift). The company has introduced some moderate changes in equipment, and
conducted appropriate employee training, so that production levels have risen to
340 boxes per shift. Labor costs average $10 per hour for each of the 5 full-time
workers on each shift. Capital costs were previously $3000 per day, and rose to
$3700 per day with the equipment modifications. Energy costs were unchanged by
the modifications, at $430 per day. What is the 3B's multifactor productivity after
the changes?
Note:
1- Only round your final answer.
2- Round your final answer to 2 decimal places. Enter your final answer with 2
decimal places.
Your Answer:
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