Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources. Labor Raw Material: Energy: Capital 425 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.00 per pound $5,250 per day $10,000 per day a) Labor productivity per labor hour for these tires decimal places). - 2.35 tires/labor hour (round your response to two b) Multifactor productivity for these tires = 0.0242 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.

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires Fok makes 1,000 tires per day with the following resources. a) Labor productivity per labor hour for these tires = decimal places) tires/labor hour (round your response to two b) Multifactor productivity for these tires = tires/dollar (round your response to tour 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