Answer Happy

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes. 1,200 tires per day with the following resources: O Labor 425 hours per day @ $12.00 per hour Raw Material: 20,000 pounds per day @ $1.50 per pound $5,000 per day Energy: Capital: $10,000 per day a) Labor productivity per labor hour for these tires. 2.82 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires= 0.0239 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inp Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tres. Fok makes 1,200 tres per day with the following resources Labor 425 hours per day @$12.00 per hour Raw Material 20,000 pounds per day @$1.50 per pound Energy $5,000 per day $10.000 per day Capital a) Labor productivity per labor hour for these tres 2.82 treslabor hour (round your response to two decimal places) b) Multifactor productivity for these tres 0.0230 tires/dollar (round your response to four decimal places) c) The percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs (enter your response as a percentage rounded to two decimal places! Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change