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The RitePak company produces packing boxes for the food industry. Old production system allowed the company to make 600 boxes per day (in one 8-hour

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The RitePak company produces packing boxes for the food industry. Old production system allowed the company to make 600 boxes per day (in one 8-hour shift). The company has recently introduced a new production system and conducted appropriate job training, so that production levels have increased to 750 boxes per day (in one 8-hour shift). Labor costs remain the same and average $120 per day for each of the 5 full- time workers. Capital costs were previously $3,000 per day, and increased to $3,200 per day with the new equipment. Energy costs were unchanged at $700 per day. Please compute the company's labor productivity and multifactor productivity before and after the changes. Write your final answer only (without intermediate steps) in the blanks below. Use 2- decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 2 (5 points) For the OLD production system: Labor Productivity - A boxes per labor-hour. Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 3 (5 points) For the NEW production system: Labor Productivity = boxes per labor-hour. Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. A/ Question 4 (5 points) For the OLD production system: Multifactor Productivity = A boxes per dollar. Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary. Question 5 (5 points) For the NEW production system: Multifactor Productivity = A boxes per dollar. Use 2-decimal accuracy for the final answer, e.g., 0.12, when necessary

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