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 ​@ ​ $12.50 per hour Raw​ Material: 21,000 pounds per day​ @ ​$1.00 per pound ​Energy: ​$5,250 per day ​Capital: ​$10,250 per day Part 2 ​a) Labor productivity per labor hour for these tires​ = ? ​tires/labor hour ​(round your response to two decimal​ places). Part 3 ​b) Multifactor productivity for these tires​ = ? ​tires/dollar ​(round your response to four decimal​ places).

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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:
425
hours per day ​@
​ $12.50
per hour
Raw​ Material:
21,000
pounds per day​ @
​$1.00
per pound
​Energy:
​$5,250
per day
​Capital:
​$10,250
per day
Part 2
​a) Labor productivity per labor hour for these tires​ = ?
​tires/labor hour ​(round your response to two decimal​ places).
Part 3
​b) Multifactor productivity for these tires​ = ?
​tires/dollar ​(round your response to four decimal​ places).
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