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Business, 27.08.2019 21:10 mags1467

Lillian fok is president of lakefront manufacturing, a producer of bicycle tires. fok makes 1 comma 200 tires per day with the following resources: labor: 425 hours per day @ $12.50 per hour raw material: 20 comma 000 pounds per day @ $1.00 per pound energy: $5 comma 000 per day capital: $10 comma 000 per day a) labor productivity per labor hour for these tires = 2.82 tires/labor hour (round your response to two decimal places). b) multifactor productivity for these tires = 0.0298 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 = nothing% (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.

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Lillian fok is president of lakefront manufacturing, a producer of bicycle tires. fok makes 1 comma...

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