2.14 Consider Problem 2.13 where, in this case, each process is capable of rework. Giventhe information in the following table, what is the input required to satisfy a demand of1,000 units?Process123Defect Rate3%5%7%Rework Rate60%75%80%Suppose that scrap costs are negligible, and rework costs are $2, $3, and $4, respec-tively. Calculate the rework cost for producing the 1,000 units. What happens to the re-work cost if the scrap rates on processes 1 and 3 are reversed? Does this result agreewith that of Problem 2.13?

From given data we have: Process Defect Rate Rework rete 1 3% 60% 2 5% 75% 3 7% 80%

Answered: 2.14 Consider Problem 2.13 where, in…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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14. If each unit of the product can be sold at a price of $5 and incurs variable costs which are constant at $3 per unit, and if the fixed costs already incurred are $15,000, then the number of units to break-even is: А. 15,000 units В. 3,000 units С. 5,000 units D. 7,500 units
PROBLEMS 1. Mabel’s Ceramics spent $3000 on a new kiln last year, in the belief that it would cut energy usage 25% over the old kiln. This kiln is an oven that turns “greenware” into finished pottery. Mabel is concerned that the new kiln requires extra labor hours for its operation. Mabel wants to check the energy savings of the new oven, and also to look over other measures of their productivity to see if the change really was beneficial. Mabel has the following data to work with: The year before Year just ended Production (finished units) 4000 4100 Labor (hrs) 350 375 Capital ($) 15000 18000 Energy (kWh) 3000 2600 Also, suppose that the average labor cost is $12 per hour and cost of energy is $0.40 per kwh. a. Were the modifications beneficial? (Compute labor, energy, and capital productivity for the two years and compare.) b. Compute percentage change in multi-factor productivity of the year just ended from that of year before. c. If the multifactor productivity…
Problem 2: SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently have one manufacturing facility in Dallas, Texas, that has the following total cost curve: TC, = 10,000,000 + 150,000*q, + 25(qp)² , where q, is the number of turbines produced per year in Dallas and TC, is the total cost in dollars. While these turbines are fairly standard in design, the SleazeCo brand is well-regarded and has some market power. In fact, the demand and marginal revenue curves for SleazeCo is given by Demand: P = $350,000-5q, Marginal Revenue: MR = $350,000 – 10q, where q is the total amount SleazeCo sells, P is the price (in dollars) and MR is the marginal revenue (in dollars). Questions: 1. What is the profit maximizing price SleazeCo's should set for its turbines? 2. What is its profit at this price? 3. Gus Ty, the manager of SleazeCo's turbine business, has done some analysis and has found a facility in Houston, Texas, that, after some alterations, could…
Question 2
QUESTION 13 Suppose the demand function is given by: Q=64-p² and the supply function is given by: Q=p+22. The equilibrium price is: O a. -7 O b.0 O c. 6 O d.7
QUESTION 1 Given a demand curve of P = 140 - 2Qd and supply of P = 13 + 3Qs, please calculate consumer surplus, assuming this is the output market
QUESTION 17 Farris Billiard Supply considers to manufacture its own brand of pool cues. Upon analyzing the costs, the manager determines that the materials and labor cost for each cue is $25, and the fixed cost is $2,400 per week. If the selling price is set at $40 each, what is the total profit in dollar if 250 pool cues are sold in a week?
esc Question 10 of 11, Step 1 of 1 onopolies Form: Barrier... PENELOPE WEAVER 7/11 Correct Suppose that a firm can produce only at the levels listed in the following table. Quantity (units) Total cost ($) 1,000 $5,500 1,250 $6,250 1,500 $6,750 1.750 $7,875 2.000 $12,000 2,250 $15,750 Determine the maximum demand at which the market will be in equilibrium and the firm will stay a natural monopoly in the long run. Enter your answer in the box. Answer © 2024 Hawkes Learning -> C ASUS D * 0 Keypad Keyboard Shortcuts Submit Answer

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