Question

Various financial data for SunPath Manufacturing for 2015 and 2016 follow.

		2015	2016
Output:	Sales	$300,000	$330,000
Inputs:	Labor	$40,000	$43,000
	Raw Materials:	$45,000	$51,000
	Energy:	$10,000	$9,000
	Capital Employed:	$250,000	$262,000
	Other:	$2,000	$6,000

What is the percentage change in the energy partial productivity measure for SunPath between 2015 and 2016?

2.33%

-9.22%

22.2%

-0.53%

2.88%

Answer 1

Energy partial productivity = Output Sales / Energy

Energy partial productivity - 2015= 300,000 / 10,000 = 30

Energy partial productivity -2016 = 330,000 / 9,000 = 36.67

Percentage change in the energy partial productivity = (36.67-30)/30

Percentage change in the energy partial productivity = 22.2%

Hence, the correct option is 22.2%.