a. Calculate the labor productivity of both Archer Contracting and Bronson Con- struction. Who is the most productive according to this measure? b. Assume that both Archer Contracting and Bronson Construction pay their employees $15 an hour and each employee works 8 hours per day. Calculate the multifactor productivity of each firm. Now who is the most productive and by how much? c. Now assume that both Archer Contracting and Bronson Construction pay their employees $35 an hour and each employee works 8 hours per day. Calculate the multifactor productivity of each firm. Now who is the most productive and by how much?

a. Calculate the labor productivity of both Archer Contracting and Bronson Con- struction. Who is the most productive according to this measure? b. Assume that both Archer Contracting and Bronson Construction pay their employees $15 an hour and each employee works 8 hours per day. Calculate the multifactor productivity of each firm. Now who is the most productive and by how much? c. Now assume that both Archer Contracting and Bronson Construction pay their employees $35 an hour and each employee works 8 hours per day. Calculate the multifactor productivity of each firm. Now who is the most productive and by how much?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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