a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
a) Labor productivity per labor hour for these tires = 2.50 tires/labor hour (round your response to two decimal places). b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes
1,000
tires per day with the following resources:|
Labor:
|
400
hours per day @
$12.00
per hour |
|
Raw Material:
|
20,000
pounds per day @
$1.00
per pound |
|
Energy:
|
$5,250
per day |
|
Capital:
|
$10,000
per day |
a) Labor productivity per labor hour for these tires =
2.50 tires/labor hour (round your response to two decimal places).
b) Multifactor productivity for these tires = __ tires/dollar (round your response to four decimal places).
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