subject
Business, 26.11.2019 00:31 woebrooke11

Lillian fok is president of lakefront manufacturing,

a producer of bicycle tires. fok makes 1,000 tires per day with the

following resources.

labor: 400 hours per day @ $12.50 per hour

raw material: 20,000 pounds per day @ $1 per pound

energy: $5,000 per day

capital costs: $10,000 per day

a) what is the labor productivity per labor-hour for these tires at

lakefront manufacturing?

b) what is the multifactor productivity for these tires at

lakefront manufacturing?

c) what is 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?

ansver
Answers: 1

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Lillian fok is president of lakefront manufacturing,

a producer of bicycle tires. fok ma...

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