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

Lillian Smith is president of Lakefront Manufacturing, a producer of bicycle tires. Smith
makes 1,000 tires per day with the following resources:
Labor: 425 hours per day at $12.50 per hour
Raw Material: 20,000 pounds per day at $1.00 per pound
Energy: $5,000 per day
Capital: $10,000 per day
a) Labor productivity per labor hour for these tires is ___ tires/labor hour (round your
response to two decimal places).
b) Multifactor productivity for these tires is ___ tires/dollar (round your response to four
decimal places).

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