Question: 3 . 1 . Multifactor Productivity ( 5 marks ) [ CLR 1 ] Road racing bikes have special seats that are flexible with minimum

3.1. Multifactor Productivity (5 marks)[CLR 1]Road racing bikes have special seats that are flexible with minimum contact with cyclists. These seats are called toupe saddles. Roscoe Specialty Equipment makes 100 of these seats per day with the following resources.Labor:40 hours per day @ $15.00 per hourRaw material: 20 kilograms per day @ $1.00 per kgEnergy: $200 per dayCapital costs: $500 per dayA) What is the labor productivity per labor hour for these toupe saddles at Roscoe?B) What is the multifactor productivity for these toupe saddles at Roscoe?C) What is the % change in multifactor productivity if Roscoe can reduce the energy bill by $150 per day without cutting production or changing any other inputs?Hint: Apply the multifactor productivity formula in the text and notes.Use the hint from Q1 to calculate the % change in multifactor productivity.

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