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 |