Lake Charles Seafood makes 500 wooden pack-ing boxes for fresh seafood per day, working in two 10-hourshifts. Due to increased demand, plant managers have decidedto operate three 8-hour shifts instead. The plant is now able toproduce 650 boxes per day.a) Calculate the company’s productivity before the change inwork rules and after the change.b) What is the percentage increase in productivity?c) If production is increased to 700 boxes per day, what is thenew productivity?
Lake Charles Seafood makes 500 wooden pack-ing boxes for fresh seafood per day, working in two 10-hourshifts. Due to increased demand, plant managers have decidedto operate three 8-hour shifts instead. The plant is now able toproduce 650 boxes per day.a) Calculate the company’s productivity before the change inwork rules and after the change.b) What is the percentage increase in productivity?c) If production is increased to 700 boxes per day, what is thenew productivity?
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 33CTQ: Average cost curves (except for avenge fixed cost) tend to be U-shaped, decreasing and then...
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Lake Charles Seafood makes 500 wooden pack-
ing boxes for fresh seafood per day, working in two 10-hour
shifts. Due to increased demand, plant managers have decided
to operate three 8-hour shifts instead. The plant is now able to
produce 650 boxes per day.
a) Calculate the company’s productivity before the change in
work rules and after the change.
b) What is the percentage increase in productivity?
c) If production is increased to 700 boxes per day, what is the
new productivity?
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