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Larry's Auto Body Repair Shop had revenues that averaged $48533.91 per week in April and $61233.64 per week in May. Assume four weeks per month. During both months, the shop employed six full-time (40 hours/week) workers. In April the firm also had four part-time workers working 25 hours per week, but in May there were only 2 part-time workers and they only worked 10 hours per week.
Problem 1: Calculate the labor productivity in April. [$/hr]
Problem 2: Calculate the labor productivity in May. [$/hr]
Problem 3: What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?
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