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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1 , 2 0 0 tires per day with the following

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources:
\table[[Labor:,400 hours per day @$12.50 per hour],[Raw Material:,20,000 pounds per day @$1.00 per pound],[Energy:,$5,000 per day],[Capital:,$10,250 per day]]
a) Labor productivity per labor hour for these tires =3 tires/labor hour (round your response to two decimal places).
b) Multifactor productivity for these tires =0.0298 tires/dollar (round your response to four decimal places). percentage rounded to two decimal places).
Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change.
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