i have everything i think, i just need help with 1b, thank you

1. Bob is the president of Bob LLC, a producer of IC Chips (Integrated Circuit Chips). Bob LLC makes 800 IC Chips per day with the following resources: Labor 300 hours per day @ 13.50 per hour Raw material: 20,000 pounds per day @ 25 cents per pound Energy: $4,000 per day Capital: $1,000 per day a. What is the labor productivity per labor hour for these IC Chips at Bob LLC? (2 Points) Answer: Labor productivity= units made / labor hours used=800/300= 2.66 units made per labor hour b. What is the Multifactor productivity for these IC Chips at Bob LLC.? NOTE: Round your answer to 5 decimal digits (4 points) Answer: multifactor productivity= units made / total dollar worth of inputs consumed. 800 / (13.5 x 300 + 20000 x 0.25 + 4000 + 1000) = 0.05694 units per dollar invested c. What is the percent change in multifactor productivity if Bob LLC can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs? (4 points) Answer: MFP = 800 / (13.5 x 300 + 20000 x 0.25 + 3000 + 1000) = 0.061302 units per dollar invested 0.061302 / 0.05694 = 1.07661 100 X (1.07661 - 1) = 7.661% 1b. Bob LLC. makes kids handheld toys in his online stores. The company has recently installed a new automated process. With this new automated process, production has increased to 90 toys per day from the previous 60 toys per day. The number of defective items produced has dropped from 10 pieces per day to 1 per day. Evaluate the change in productivity for Bob's LLC using the new automated process (10 points)