E Homework: Chapter 1 Homework Question 16, Problem 1.8 Part 1 of 3 HV Sc Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tiros, Fok makes 1,000 tiros per day with the following resources: Labor 400 hours per day @ $12.50 per hour Raw Material: 21,000 pounds per day @ $1.50 per pound Energy $5,250 per day Capital: $10,000 per day a) Labor productivity per labor hour for these tires tires/labor hour (round your response to two decimal places)