Question

Quizlet "In 2007, Modern Electronics, Inc. produced 60,000 calculators, employing 80 workers, each of whom worked 8 hours per day. In 2008, the same firm produced 76,500 calculators, employing 85 workers, each of whom worked 10 hours per day. Between 2007 and 2008, productivity at Modern Electronics"

Answer 1

Title:

The productivity has decreased 4%.

Step-by-step explanation:

In 2007, the number of workers were 80 and they worked 8 hours per day. Hence, total working hours on per day basis for 2007 was $80\times 8 = 640$ hours.

The productivity for the year of 2007 is $\frac{60000}{640} = \frac{1500}{16}$ = 93.75.

Similarly, in the year 2008, the total working hours on per day basis is $85\times10 = 850$ hours.

In 2008, the productivity is $\frac{76500}{850} = 90$.

The productivity has decreased.

The productivity has changed $\frac{93.75 - 90}{93.75} \times100 = 4$%.