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Question: a what is the labor productivity per laborhour for these...

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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor: Raw Material Energy: Capital: 400 hours per day@ $12.50 per hour 20,000 pounds per day $1.50 per pound $5,000 per day $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?

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