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.
