Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires...

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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires...

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

Labor:	400 hours per day @ $12.50 per hour
Raw Material:	21,000 pounds per day @ $1.50 per pound
Energy:	$5,000 per day
Capital:	$10,250 per day

a) Labor productivity per labor hour for these tires =

3 tires/labor hour (round your response to two decimal places).

b) Multifactor productivity for these tires =

. 0232 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).

business Operations-Management

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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires...

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