What is their multifactor productivity-labor productivity

Reference no: EM13331900

David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources (inputs):

--Labor: 400 hours per day @ $12.50 per hour

--Raw Material: 20,000 pounds per day @ $1.00 per pound

--Energy: $5,000 per day

--Capital costs: $10,000 per day

a. What is their labor productivity (tires per labor-hour)?

b. What is their multifactor productivity? (tires per dollar)

c. What is the percentage change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day with lowering production or changing any other inputs?

Reference no: EM13331900

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