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wallets, uses 1,784,000 yards of tabric, and moduces capacity to ( 2,700,000 ) wallets at a cost of ( $ 7,830,000 ). Assume fre faberic

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wallets, uses 1,784,000 yards of tabric, and moduces capacity to \\( 2,700,000 \\) wallets at a cost of \\( \\$ 7,830,000 \\). Assume fre faberic costs \\( \\$ 3,60 \\) per yard in 2020 and \\( \\$ 4,00 \\) per yard in 2019 Read the requirementio Requirement 1. Compute Gestnor Company's total faclor productivity (TFP) for 2020. To assist you, use the popup to identify the various components of the formula. (Click to viow the compocents you wat use in your formulas.) To ansist you, usa the popup to idensfy the varicus comptinerts of the formila. Berchens TFP The loen factor prodisctivey by * ircen 2010 to 2020 . Reod the To maist you, use the popupp to identily the vanous components of the fermula. (Chisk to view the comporients you wit use in your farmilas.) [Clisk to view the comporents you will use in you forrilas) The sotas facior produativery by Whan 2019 to 2020 . inputs Partial productivitien Requirements 1. Compute Gessner Company's total factor productivity (TFP) for 2020. 2. Compare TFP for 2020 with a benchmark TFP for 2019 inputs based on 2020 prices and output. 3. What additional information does TFP provide that partial productivity measures do not? Reference Cost of capacity in 2019 Cost of capacity in 2020 Costs of inputs used in 2019 at 2020 output and prices Costs of inputs used in 2020 based on 2019 prices E Costs of inputs used in 2020 based on 2020 prices F Qty of output produced in 2019 G Qty of output produced in 2020

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