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Problem 1.8 EQuest Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor. 400 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires nd your response to two decimal places). b) Multifactor productivity for sponse 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 = % (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. Enter your answer in the answer box and then click Check Answer. Dheck Anwer Clear All All parts showing 8:22 PM 1/8/2020 Type here to search

Problem 1.8 EQuest Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor. 400 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires nd your response to two decimal places). b) Multifactor productivity for sponse 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 = % (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. Enter your answer in the answer box and then click Check Answer. Dheck Anwer Clear All All parts showing 8:22 PM 1/8/2020 Type here to search

Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.FOM: Focus On Modeling: Linear Programming
Problem 14P
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Problem 1.8 EQuest Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor. 400 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires nd your response to two decimal places). b) Multifactor productivity for sponse 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 = % (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. Enter your answer in the answer box and then click Check Answer. Dheck Anwer Clear All All parts showing 8:22 PM 1/8/2020 Type here to search
Transcribed Image Text:Problem 1.8 EQuest Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,200 tires per day with the following resources: Labor. 400 hours per day @ $12.00 per hour 21,000 pounds per day @ $1.00 per pound $5,000 per day $10,000 per day Raw Material: Energy: Capital: a) Labor productivity per labor hour for these tires nd your response to two decimal places). b) Multifactor productivity for sponse 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 = % (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. Enter your answer in the answer box and then click Check Answer. Dheck Anwer Clear All All parts showing 8:22 PM 1/8/2020 Type here to search
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