The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production o

Question

IRISSAK [1]

3 years ago

11

The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production o

r changing any other inputs

Business

1 answer:

marishachu [46] · Answer 1 · 2022-06-14T15:49:06+03:00

Answer:

The answer is "2.45%".

Explanation:

The answer of option c:

Reduce power by 950 dollars:

In this question it will need to once again take the latest energy cost for analytical hierarchical productivity.

→ Total Input $= 400 \times 12+21000 \times 1 +(5000-950)+10000$

$= 4800 +21000 + (4050)+10000 \\\\ = 25800+4050+10000 \\\\ = 39850\\$

Consumer rates $= \frac{1,000}{39,850}$

$=0.0250$

Initial efficiency multi-factor= 0.0245

$\to \text{percentage changes} = \frac{\text{New Multi Factor Productivity - Previous Multi-Factor Productivity}}{\text{Originbal Multi-Factor Productivity}}$

$= \frac{(0.02450.0251)}{0.0245}\\\\ = 2.45 \ \ \%$

The percent change in multifactor productivity if Fok can reduce the energy bill by ​$1,000 per day without cutting production o

The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production o