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Part 1
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes tires per day with the following resources:
Labor:
hours per day @ $ per hour
Raw Material:
pounds per day @ $ per pound
Energy:
$ per day
Capital:
$ per day
Part 2
a) Labor productivity per labor hour for these tires=
2.5tires/labor hour (round your response to two decimal places).
Part 3
b) Multifactor productivity for these tires=
400tires/dollar (round your response to four decimal places).

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