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At the End of 2018, Diatomic Company Implemented a New

question 53

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At the end of 2018, Diatomic Company implemented a new labor process and redesigned its product with the expectation that input usage efficiency would increase. Now, at the end of 2019, the president of the company wants an assessment of the changes on the company's productivity. The data needed for the assessment are as follows: 20192018 Output 45,00054,000 Output prices $10$10 Materials (lbs.)  22,50022,950 Materials unit price $3$4 Labor (hrs.)  18,00016,875 Labor rate per hour $5$5 Power (kwh)  11,25014,625 Price per kwh $2$3\begin{array}{lrr}&2019&2018\\\text { Output } & 45,000 & 54,000 \\\text { Output prices } & \$ 10 & \$ 10 \\\text { Materials (lbs.) } & 22,500 & 22,950 \\\text { Materials unit price } & \$ 3 & \$4 \\\text { Labor (hrs.) } & 18,000 & 16,875 \\\text { Labor rate per hour } & \$ 5 & \$ 5 \\\text { Power (kwh) } & 11,250 & 14,625 \\\text { Price per kwh } & \$ 2 & \$ 3\end{array} How much profit was generated in 2018?

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Definitions:

Identifier

A name given to elements in a program, such as variables, methods, classes, and so on, for identification purposes.

Precedence

Refers to the rules that determine the order in which operators are evaluated in expressions, guiding the execution flow in programming.

Right to Left

The direction of processing or evaluating expressions in certain programming languages or contexts, opposite to the more common left to right.

Character Constant

A fixed value representing a specific character in programming, usually enclosed in single quotes, such as 'a' or '3'.

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