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# Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1, 20...

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1, 200 tires per day with the following resources: Labor: 425 hours per day @ \$12.00 per hour Raw Material: 20,000 pounds per day @ \$1.50 per pound Energy: \$5, 250 per day Capital: \$10,000 per day a) Labor productivity per labor hour for these tires = ___ tires/labor 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 \$1,000 per day without cutting production or changing any other inputs = ___% (enter your response as a percentage rounded to two decimal places).

Jul 25 2020 View more View Less