1 An industrial engineer has designed two alternative methods for accomplishing a production job. Both methods involve the acquisition of the same working place and other capital equipment to be used for this job only. Method A calls for a crew consisting of three men each costing P30.00 per hour. This method will result in the production of 10 units per hour of which two will be rejects. Method B. calls for a crew of two men each costing P35.00 per hour and should result in the production of eight units per hour of which one will be reject. The cost of the direct material lost in each reject is P20.00. If a certain total number of units is to be produced, find which method is not economical Ans P16.25; P12.86, Method B

1 An industrial engineer has designed two alternative methods for accomplishing a production job. Both methods involve the acquisition of the same working place and other capital equipment to be used for this job only. Method A calls for a crew consisting of three men each costing P30.00 per hour. This method will result in the production of 10 units per hour of which two will be rejects. Method B. calls for a crew of two men each costing P35.00 per hour and should result in the production of eight units per hour of which one will be reject. The cost of the direct material lost in each reject is P20.00. If a certain total number of units is to be produced, find which method is not economical Ans P16.25; P12.86, Method B

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Calculate total profit when total revenue is $700 and total cost is 60% of total revenue
The utility function U = f(x, y) is a measure of the utility (or satisfaction) derived by a person from the consumption of two products x and y. The utility function for two products is U = −5x2 + xy − 3y2 . (a) Determine the marginal utility of product x. (b) Determine the marginal utility of product y. (c) When x = 2 and y = 3, should a person consume one more unit of product x or one more unit of product y? Explain your reasoning. (d) Use a computer algebra system to graph the function. Interpret the marginal utilities of products x and y graphically
Urmilaben
A cost function is given. C(q) = 3600 + 5q-0.02q² + 0.00039³ (a) Find the average cost and marginal cost functions. +5 -0.02q +0.0003q average cost 3600 9 marginal cost 5 -0.04q+0.0009q (b) Use graphs of the functions in part (a) to estimate the production level that minimizes the average cost. (Round your answer to the nearest integer.) 194 ✓ units (c) Use calculus to find the minimum average cost. (Round your answer to two decimal places.) $ 32.41 X (d) Find the minimum value of the marginal cost. (Round your answer to two decimal places.) $ 4.56
I need the answer as soon as possible
A company finds that it can sell out a certain product that it produces, at the rate of Tk. 2 per unit. 1 It estimates the cost function of the product to be Tk. 1000 + 2 50 for q units produced. (i) Find the expression for the total profit, if q units are produced and sold. (ii) Find the number of units produced that will maximize profit. (iii)What is the amount of this maximum profit? (iv) What would be the profit if 6000 units were produced?
Is Fuel a variable, fixed or overhead cost?
Define the term the implicit "do-nothing" alternative?
I have two utility equations U= x^2 + y^2 U = x + ay Please draw the IC curves for each of them. And also, find the cost function associated with them and detailed steps. P.s The cost function for U= x+ay is u.min((p(x),p(y)/a)), but do not know how to get i
What is meant by General Electric(GE)?