Solve the problem below. First re-create (IN MICROSOFT WORD ONLY) the Table given in the problem. Then solve the problems (a), (b), and (c) making sure you show all calculations in detail with the appropriate units of measure. Then present your solutions in a new Table.

1 1.8 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: 400 hours per day @ $12.50 per hour 20,000 pounds per day @ $1 per pound $5,000 per day $10,000 per day Energy Capital costs: a) What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing? b) What is the multifactor productivity for these tires at Lakefront Manufact c) What is the percent change in multifactor productivity if Fok can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs? PX