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9 November, 09:46

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1 comma 000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour Raw Material: 20 comma 000 pounds per day @ $1.00 per pound Energy: $5 comma 000 per day Capital: $10 comma 000 per day Labor productivity per labor hour for these tires = nothing tires/labor hour (round your response to two decimal places).

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  1. 9 November, 12:11
    0
    2.5 units per hour

    Explanation:

    Given that,

    Total output = 1,000 tires per day

    Labor = 400 hours per day @ $12.50 per hour

    Raw Material = 20,000 pounds per day @ $1.00 per pound

    Energy = $5,000 per day

    Capital = $10,000 per day

    Labor productivity per labor hour:

    = Total output : Total labor hours

    = 1,000 : 400 hours per day

    = 2.5 units per hour
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