Problem 1.8EQuestLillian 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 hour21,000 pounds per day @ $1.00 per pound$5,000 per day$10,000 per dayRaw Material:Energy:Capital:a) Labor productivity per labor hour for these tiresnd your response to two decimal places).b) Multifactor productivity forsponse 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 AnwerClear AllAll parts showing8:22 PM1/8/2020Type here to search

Question
Asked Jan 9, 2020
380 views
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
help_outline

Image Transcriptionclose

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

fullscreen
check_circle

Expert Answer

Step 1

Given:

Lilian Fok is president of Lakefront Manufacturing, a producer of bicycle tire. For makes 1,200 tires per day with the following resources:

Labor:                     400 hours per day @ $12.00 per hour

Raw Material:        21,000 pounds per day @ $1.00 per sound

Energy:                    $5000 per day

Capital:                    $10,000 per day

Step 2

[a]: Find the labor productivity per hour labor hour for these tires:

Calculus homework question answer, step 2, image 1
fullscreen
Step 3

[b]: find the multifact...

Calculus homework question answer, step 3, image 1
fullscreen

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Related Calculus Q&A

Find answers to questions asked by student like you
Show more Q&A
add