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).

Question

Sydnee Trujillo

Business

26 July, 02:35

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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Answers (1)

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King Parsons · Answer 1

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