University:
Kentucky State University
Course:
ECO 301 | Microeconomics
Academic year:

2022
Views:

378

Pages:

1
Author:

Alexa Livingston

George Kyparisis makes bowling balls in his Miami plant. With recent increases in his costs, he has a newfound interest in efÏciency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of 3% increase in productivity per year? He has the following data representing a month from last year and an equivalent month this year: Show the productivity percentage change for each category and then determine the improvement for labor-hours, the typical standard for comparison. Jawaban a. Total input (Last year) = 3360 + 240 + 90 + 1450 = $ 5140 b. Total input (Current year) = 3060 + 215 + 100 + 1375 = 4750 c. Last year productivity = output/input = 1000/5140 = 0.194 d. Current productivity = output/input = 1000/4750 = 0.21 e. The percentage of increase = 0.016/0.194 = 8.2 % 1.6. George Kyparisis (using data from Problem 1.5) determines his costs to be as follows: Show the percent change in productivity for one month last year versus one month this year, on a multifactor basis with dollars as the common denominator. Jawaban a. The percentage of increase = 0.016/0.194 = 8.2 % 1.7. Hokey Min’s Kleen Karpet cleaned 65 rugs in october, consuming the following resources: a. What is the labor productivity per dollar? b. What is the multifactor productivity? Jawaban a. Labor productivity = output/input = 65/520 = 0.125 b. Multifactor productivity = 65/(6760 + 500 + 1000) = 0.007 1.8. Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: a. What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing? b. What is the multifactor productivity for these tires at Lakefront Manufacturing? c. What is the percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutÝng production or changing any other inputs? Jawaban a. Labor productivity = output/input =1000/400 =2.5 b. Multifactor productivity = output/input = 1000/40000 = 0.025 c. New multifactor productivity = output/input = 1000/39000 = 0.0256 d. The percentage change = 0.0006/0.025 =2.4 %