Homework: Chapter 1 Homework Question 8, Problem 1.8 Part 2 of 3 Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires Fok makes 1 000 tires per day with the following resources Labor Raw Material Energy Capital 400 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.50 per pound $5,250 per day $10 000 per day a) Labor productivity per labor hour for these tires = 2.50 tires(labor hour (round your response to two decimal places) b) Multifactor productivity for these tires tires/dollar (round your response to four decimal places)