Guble Company manufactures walless frem fabtic: In 2027, Guble made 2,360.060 wallets using 1,976,060 efficient....

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Guble Company manufactures walless frem fabtic: In 2027, Guble made 2,360.060 wallets using 1,976,060 efficient. At the same time, Guble wants to reduce capocity; copocity in 2021 wus 2 Bopopon wailets int a totol cost of $8,400,000. Guble wants to reduce capacity to 2, a50.000 wallety, at is total coat of $8.215,000 in 2022.
Suseose that in 2022 Guble makes 2209,000 wallets, uses 1,668000 metres of fobros and redices eopocity to 2,650,000 units and costs to $8,215,000. And the fabric costs $41 per metre in 2022 and 34.2 per metre in 2027.
Aequired: (do not found the interien calculation bat insund your ariswers to a decimat plores)
Compute Guble Company & tatal factor productivitiy (TFP) for 2022
Compore TFP for 2022 with o benchmark TFP for 2027 inguts bosed an 2022 cutaut.
Answer:
1.
Total factor productivity for
Quantity of output produced in 2022
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