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Given the productivity analysis for a plant considering the purchase of a new machine, where the current machine produces 20,000 parts per year with 2,500 labor hours at $40 per hour and $80,000 in capital cost, and the new machine will produce 30,000 parts per year with 1,500 labor hours at $45 per hour and $200,000 in capital cost, which of the following statements accurately compares the labor, capital, and total factor productivity (TFP) before and after automation? A) After automation, labor productivity increases, capital productivity decreases, and TFP remains the same. B) After automation, labor productivity increases, capital productivity increases, and TFP decreases. C) After automation, labor productivity decreases, capital productivity increases, and TFP increases. D) After automation, labor productivity decreases, capital productivity remains the same, and TFP decreases.
Sagot :
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