= Homework: Mod 1 HW Question 16, Problem 1.8 Part 3 of 3 HW Score: 98.33%, 19.67 of 20 points Points: 0.67 of 1 o Save 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 $12,00 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 = 3 treslator hour (round your response to two decimal places). b) Multifactor productivity for these tires = 0.0232 tires/dollar (round your response to four decimal places). c) The percent change in multifactor productivity if Fok can reduce the energy bill by $950 per day without cutting production or changing any other inputs = 15.09% (enter your response as a percentage rounded to two decimal places) Note: calculate the new multifactor productivity to four decimal places before calculating the percentage change. Help me solve this Video Get more help Clear all Check