Answered Essay: 2. Solve Problem 1.5 which shows a Table of factors of production (i.e., resources

2. Solve Problem 1.5 which shows a Table of factors of production (i.e., resources or inputs) and show in detail your calculations of the old and new single-factor productivity for each resource and show the percentage by which it has gone up or down. Be sure to present the summary of your answers in a Table to your boss. The Table would look similar to what’s in the book, but with three additional columns (one after “Last Year” column, one after “Now” column, and the third to show “Change in Productivity” either increase or decrease. Also, discuss if the company’s goal for productivity is being met.
Rubric or Grading Guideline:
Complete, correct, and Logically presented Response by due date = 4 to 5 points max.
Complete, correct but with typos, not neatly presented = 3.0 to 4 points max
Answered both questions, but with some error(s) = 1.5 to 3.0 points max
Did only a half decent job of answering the questions = 0 to 1.5 points
Incomplete or No Response during Date and Time required = 0 points.
Example 2 COMPUTING SINGLE-FACTOR AND MULTIFACTOR GAINS IN PRODUCTIVITY Collins Title Insurance Ltd. wants to evaluate its labor and multifactor productivity with a new comput- erized title-search system. The company has a staff of four, each working 8 hours per day (for a payroll cost of $640/day) and overhead expenses of $400 per day. Collins processes and closes on 8 titles each day. The new computerized title-search system will allow the processing of 14 titles per day. Although the staff, their work hours, and pay are the same, the overhead expenses are now $800 per day APPROACH Collins uses Equation (1-1) to compute labor productivity and Equation (1-2) to com- pute multifactor productivity.

Expert Answer

Summary of productivity change is following

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.


Let us write that nagging essay.


Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.


Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.


Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.


Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?