An Apple Cars plant operates most efficiently (average unit cost is minimized) when producing 18,300 cars each month. It has a maximum output capability of 22,000 units per month (e.g., when its CEO, Tim Chef, forces everyone to work crazy amounts of overtime), and can make as few as 7,000 units per month without forcing the hand of executives to shift production to another plant. If the plant makes 12,770 cars in December, what was the capacity utilization rate? Round your final answer to 1 decimal place, and enter it as a percent without the percent sign; for example, use 18.9, not 18.9 % or 2. Capacity utilization rate %

An Apple Cars plant operates most efficiently (average unit cost is minimized) when producing 18,300 cars each month. It has a maximum output capability of 22,000 units per month (e.g., when its CEO, Tim Chef, forces everyone to work crazy amounts of overtime), and can make as few as 7,000 units per month without forcing the hand of executives to shift production to another plant. If the plant makes 12,770 cars in December, what was the capacity utilization rate? Round your final answer to 1 decimal place, and enter it as a percent without the percent sign; for example, use 18.9, not 18.9 % or 2. Capacity utilization rate %

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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