1. Company A used a total of $5,000 in resources to provide $15,000 in services, while Company B used a total of $15,000 in resources to provide services of twice the value of Company A’s services during the same time period. According to the information available in this question, which company provided more value-added, and by how much?
Company B provided $10,000 more value-added than Company A
Company B provided $5,000 more value-added than Company A
Company A provided $5,000 more value-added than Company B
Company A provided $10,000 more value-added than Company B
Neither company provided more value-added; the value-added of Company A versus Company B is identical over this time period.
2. Archer Contracting repaved 50 miles of two-lane county roadway with a crew of six employees. This crew worked 8 days and used $7000 worth of paving material. Nearby, Bronson Contracting repaved 35 miles of four-lane interstate roadway working 10 days with a crew of five employees using $7890 of paving material. Both Archer Contracting and Bronson Contracting rented the same paving equipment to complete their respective assignments, costing each $1500 a day, and labor cost per employee is $160 a day for both companies. Which company is more productive and by how much?
Archer Contracting is more productive by about 20.9%
Archer Contracting is more productive by about 71.3%
Bronson Contracting is more productive by about 16.7%
Archer Contracting is more productive by about 16.7%
Bronson Contracting is more productive by about 20.9%