Lillian fok is president of lakefront manufacturing, a producer of bicycle tires. fok makes 1 comma 200 tires per day with the following resources: labor: 425 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 a) labor productivity per labor hour for these tires = 2.82 tires/labor hour (round your response to two decimal places). b) multifactor productivity for these tires = 0.0298 tires/dollar (round your response 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 = nothing% (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.

Before contacting the news or print media about your business, what must you come up with first ? a. a media expertb. a big budgetc. a track recordd. a story angle

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?