A bakery oven is updated to achieve savings in energy and multi-factor productivity increases. The monthly...
A bakery oven is updated to achieve savings in energy and multi-factor productivity increases. The monthly output and input numbers for the oven, before and after the update are provided in the table. Use a cost of $12 per labor hour, 0.75% per month for capital costs, $0.50 per BTU for energy. Calculate the percentage change in multi-factor productivity.
| Monthly Results | Before Update | After Update |
| Production | 1,575 | 1,650 |
| Labor Hours | 160 | 125 |
| Capital $ | 22,000 | 27,500 |
| Energy (BTU) | 1,400 | 1,360 |
Answer: Before Update = .566 and After Update = .691, Percentage Change = 22.08%
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