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The Dulac Box plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make 50000 boxes
The Dulac Box plant produces wooden packing boxes to be used in the local seafood industry. Current operations allow the company to make 50000 boxes per day, in two 8-hour shifts. Labor costs average $10 per hour for each of the 5 full-time workers on each shift. Capital costs were $3,000 per day. Energy costs were $400 per day. Which of the following ranges includes the firm's multifactor productivity (including all inputs)? between 11.50 and 12.5 boxes per dollar O more than 13 boxes per dollar O between 12.50 and 13 boxes per dollar less than 11.50 Felix grows Chayote squash in his 100 by 100 feet garden. He then sells the crop at the local farmers' market. Two summers ago, he was able to produce and sell 1500 pounds of Chayote squash. Last summer, he tried a new fertilizer that promised an increase in yield in the advertisement. He harvested 2000 pounds. Did the fertilizer live up to its promise? (Note: Use land size as the input.) Yes, the productivity gain was more than 40%. Yes, the productivity gain was between 20% and 30%. O No, there is no productivity gain. O Yes, the productivity gain was between 30% and 40%
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