part C 2.28% NOT CORRECT

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.00 per hour Raw Material 20,000 pounds per day @ $1.00 per pound $5,000 per day $10,250 per day Energy Capital a) Labor productivity per labor hour for these tires = 2.5 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires0.025 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by S950 per day without cutting production or changing any other inputs = (onter 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 %