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Scenario: In 2010, Bozone had fifteen full-time (40 hours per week) employees and brewed 10 million ...

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Scenario: In 2010, Bozone had fifteen full-time (40 hours per week) employees and brewed 10 million ...

Scenario: In 2010, Bozone had fifteen full-time (40 hours per week) employees and brewed 10 million cans of beer in 300 business days. Bozone paid each employee $15 per hour. In 2015, production increased to 20 million cans, and five new employees were hired. In 2015, a new policy allowed employees to take the day off if it is a powder day at Bridger ski resort.

Refer to the scenario above. Assume that there were 60 powder days in 2015. Productivity at Bozone ________ compared to 2010.

▸ decreased by 20 percent

▸ almost doubled

▸ increased by 20 percent

▸ remained the same

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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