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Homework Homework 1 Productivity Score 667 of 10 pts & Problem 18 Lillian Fok is president of Lakefront Manufacturing a producer of bicycle tires Fok makes 1000 tires per day with the

Homework: Homework 1 (Productivity) Score: 6.67 of 10 pts & Problem 1.8 Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources Save 8 or 10 (10 complete) ▼ HW Score: 96 67%, 96 67 of 100 pts Question Help Labor Raw Material 20,000 pounds per day$1.50 per pound Energy Capital: 425 hours per day$12.50 per hour $5,000 per day $10,250 per day a) Labor productivity per labor hour for these tires 2.4 tires/labor hour (round your response to two decimal places) b) Multifactor productivity for these tires 0.0198 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.

 

Apr 30 2020 View more View Less

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