Calculate the total productivity measure for this company for both years. ( Round your answer to 2 decimal places.) Calculate th
e partial productivity measures for labor, capital, and raw materials for this company for both years. ( Round your answers to 2 decimal places.)
1 answer:
Answer:
Explanation:
As the question was missing data, I have done a quick google search and found the question which I am uploading it here as an image.
<h2>DATA:</h2><h2 /><h3>Last Year:</h3>Labor Input = $30,100
Raw Materials Input = $35,100
Energy Input = $5010
Capital Input = $50,010
Other Input = $2010
Sales Output = $200,100
<h3 /><h3>This Year:</h3>Labor Input = $40,100
Raw Materials Input = $45,100
Energy Input = $6050
Capital Input = $49,750
Other Input = $2875
Sales Output = $202,100
<h2>FORMULA:</h2>Productivity = Output / Input
<h2>CALCULATION:</h2>Total Input of Last Year =
$ (30,100 + 35,100 + 5010 + 50,010 + 2010) = $122,230
Total Input of This Year =
$ (40,100 + 45,100 + 6050 + 49,750 + 2875) = $143,875
<h3>TOTAL PRODUCTIVITY:</h3><h3 />Last Year This Year
Output in ($) $200100 $202100
Input in ($) $122230 $143875
Total Productivity 200100 / 122230 = 1.64 202100 / 143875 = 1.40
<h3></h3><h3>PARTIAL PRODUCTIVITY:</h3><h3></h3><h3>Last Year:</h3>Partial Productivity Labor = 200100 / 30100 = 6.65
Partial Productivity Capital = 200100 / 50010 = 4.00
Partial Productivity Raw Materials = 200100 / 35100 = 5.70
<h3>This Year:</h3>Partial Productivity Labor = 202100 / 40100 = 5.04
Partial Productivity Capital = 202100 / 49750 = 4.06
Partial Productivity Raw Materials = 202100 / 45100 = 4.48
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Answer: Hello your question is poorly written attached below is the complete question
answer:
a) Cs = 800,000 , Ps = 1,500,000
b) Cs = 1437500, Ps = 525,000
Explanation:
Demand function ( Qd ) = 200,000 - 4000 P
supply function ( Qs ) = 20,000 + 2000 P
at equilibrium : 200,000 - 4000P = 20,000 + 2000P
therefore ; P = 180,000 / 6000 = 30
Q = 20,000 + 2000 ( 30 ) = 80,000
<u>a) Determine consumer and producer surplus in the market</u>
consumer surplus ( Cs ) This is the area above the price and below the demand curve = 1/2 * ( 50 - 30 ) 80,000 = 800,000
producer surplus ( Ps ) This is the area above supply and below price
= 30 * ( 80,000 ) - 1/2 (80,000 - 20,000 ) (30)
= 1,500,000
<u>b) Determine the new levels of consumer and producer surplus with a price ceiling of $15 </u>
Pc (ceiling price ) = $15
Qd = 200,000 - 4000 ( 15 ) = 140,000
Qs = 20,000 + 2000 ( 15 ) = 50,000
∴ New consumer surplus = area ( a , Pc, b, d )
= ( 30 - 15 ) (50,000) + 1/2(50-30) (80,000) - 1/2 (80,000 - 50,000 ) (37.5 - 30)
= 1437500
New producer surplus = area ( Pc , b, e 0 )
= ( 15 ) ( 50000) - 1/2 ( 50,000 - 20,000 ) (15)
= 525,000
