Change in Capital’s quantity by:

Change in Labor’s quantity:

Change in Production

Change in speed

Technical progress

+150,000 dwt

Assumed constant

147,329 dwt (219,029 - 71,700) due to bigger size; 15,102 dwt due to higher speed

+1 knot; benefit 2.78 days per voyage

5.5% more production due to size; 15,102 more production due to speed or 10.25% on next production; total 15.73% benefit