IDNLearn.com makes it easy to get reliable answers from experts and enthusiasts alike. Discover detailed answers to your questions with our extensive database of expert knowledge.
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 :
We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.
