[solved]-Lillian Fok President Lakefront Manufacturing Producer Bicycle Tires Fok Makes 1 200 Tires Q39682988

Lillian Fok is president of Lakefront Manufacturing, a producerof bicycle tires. Fok makes 1,200 tires per day with the followingresources:

Labor: 425 hours per day @ $12.50 per hour

Raw Material: 20,000 pounds per day @ $1.50 per pound

Energy: $5,000 per day

Capital: $10,000 per day

a) What is the labor productivity per labor-hour for these tires= ___ tires/labor hour (round your response to two decimalplaces).

b) What is the multifactor productivity for these tires atLakefront Manufacturing? (round to four decimal places)

c) What is the percent change in multifactor productivity if Fokcan reduce the energy bill by $1,000 per day without cuttingproduction or changing any other inputs? (enter response aspercentage rounded to two decimal places)

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