Candy Maker Sold 20 Million Bars Last Year 1 Employed 200 Employees Earning 50k Yr Total Q30700079

A candy maker sold 20 million bars last year for $1 each. Itemployed 200 employees earning $50K/yr. The total machine (capital)depreciation last year to make bars was $5M.) It also has overheadof $5M/year. Each bar that is sold requires 25 cents ofingredients. How much revenue did the company earn last year? (inmillions of dollars. for example, if it’s $40M, enter 40) * Whatwas the firm’s labor productivity in units of bars/employee? (justenter the number) * What was the firm’s labor productivity (nounits)? * What was the firm’s multi-factor productivity (where therelevant factors are labor and capital)? (round to 2 decimal points– e.g. 2.35444 to 2.35) * What is the firm’s total productivity?(round to 2 decimal points — e.g. 1.35444 to 1.35) * Is the firmprofitable? * If the firm could replace 150 workers with machinesthat depreciate an additional $5 million without changing totaloutput, wha would the firm’s new labor productivity be (no units)(round to 2 decimal points — e.g. 1.35444 to 1.35) * What wouldthe firm’s multi-factor productivity be if they brought in themachines and replaced workers (where the relevant factors are laborand capital)? (round to 2 decimal points — e.g. 1.35444 to 1.35) *What would the firm’s new total productivity be? (round to 2decimal points — e.g. 1.35444 to 1.35) * Should the companyreplace workers with the machines? *

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