Young bulls contracting repaved 50 miles of two-lane roadway with a crew of six

Question

Young bulls contracting repaved 50 miles of two-lane roadway with a crew of six employees. The crew worked eight days and used $7000 worth of paving materials. Nearby little dog construction repaved 30 miles of four-lane roadway working ten days with a crew of five people using $9000 of paving material. Both young bull and little dog rented the same paving equipment to complete their respective products costing each $1500 per day.

If both young bull and little dog pay their employees $25/ hour and each employee works 8 hours per day, calculate the multifactor productivity for each firm

Young bull: ______________ single lane miles/ $ input (5 decimals)

Little dog: ___________ single lane miles. $ input (5 decimals)

Who is more productive?

If both firms switch to a new equipment that charges $1000 per day, calculate the percent multifactor productivity improvement for each.

Young bull: ______________ % ( one decimal place)

Little dog: _________________ % (one decimal place)   

Explanation / Answer

total cost for young bulls- $7000+ (1500*8)+ (1200*8)= 7000+12000+$9600= $28,600

50 milles two lane= 100 miles single lane

young bull per $ productivigy =$28,600/100= 286 per

little dog= 30*4= 120 single lane

total cost= 9000+(50*200)+(10*1500)= 9000+10,000+15,000= $34,000

little dog= 34,000/120= 283.33333 miles

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