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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 425 hours

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources:

Labor:

425

hours per day @

$12.00

per hour

Raw Material:

21,000

pounds per day @

$1.50

per pound

Energy:

$5,250

per day

Capital:

$10,250

per day

a) Labor productivity per labor hour for these tires =

2.352.35 tires/labor hour

b) Multifactor productivity for these tires =

tires/dollar (round your response to four decimal places).

c) What is 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?

PLS ANSWER B AND C. THX.

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