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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: a) Labor productivity

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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: a) Labor productivity per labor hour for these tires \\( =3 \\) tires/abor hour (round your response to two decimal places). b) Multifactor productivity for these tires = tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by \\( \\$ 950 \\) 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

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