Question: The case of fast car Speedy is a famous company with its fast car cleaning. Speedy cleans 600 cars per day. To

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Question The Case Of Fast Car Speedy Is A Famous Company With Its Fast Car Cleaning Speedy Cleans 600 Cars Per Day To 1 (51.87 KiB) Viewed 30 times

Question: The case of fast car Speedy is a famous company with its fast car cleaning. Speedy cleans 600 cars per day. To clean these cars there is a need for 2 labors and 600 labor minutes at $8 per hour; $80 of material and $60 energy per day. ANSWER EVEN QUESTIONS: E-F-G a. What is the labor productivity? (15 points) b. What is the multi-factor productivity? (15 points) Due to increase in demand, the manager of the Speedy Company has made several changes. After these changes, 3 labors are needed and each work for 480 labor minutes to clean 1000 cars. No more changes have been made. Considering all of these, calculate the new multi-factor productivity. (15 points) d. Calculate the productivity growth rate in multi-factor productivity. (15 points) e. Plot the MFP figures on a graph. (10 points) f. After changes have been made, assume that there is 5% inflation. Calculate the new multifactor productivity in case of 5% inflation. (10 points) g. Explain the scenario briefly. (20 points)