Calculate the company multifactor productivity

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Reference no: EM132208790

Bear Lake Seafood makes 500 boxes of seafood per day, working in two 10-hour shifts. Due to increased demand, plant manager have decided to operate three 8-hour shifts instead. The company now produces 650 boxes of seafood per day. The company employs 4 workers for each shift, and pays the workers $10 per hour. The utility cost for the company is $5 per working hour. Calculate the company multifactor productivity before the change in work rules and after the change.

Reference no: EM132208790

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