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Question
Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1,000 tires per day with the following resources:
Resources | Amount |
---|---|
Labor | 400 hours per day @ $12.50 per hour |
Raw material: | 20,000 pounds per day @$1 per pound |
Energy: | $5,000 per day |
Capital cost | $10,000 per day |
What is the labor productivity per labor-hour for these tires at Lakefront Manufacturing?
Solution
VerifiedAnswered 7 months ago
Answered 7 months ago
Step 1
1 of 5In this exercise, we need to determine the labor productivity of the line.
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