Review QuestionsQUESTION 19The following table shows the DVDS production. Study the table and answer the questions?Labor (L)TotalMarginalProductAverageproduct oflabor (TPL)Product of(MPL)labor (APL)12030364405426.421. Based on the above table, how much is the marginal product (MPL) of the 3rdlabor?2. Based on the above table, which labor has the largest marginal product?3. Based on the above table, if the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?

Answer : Labour (L) Total product of labour (TPL) Marginal product of labour (MPL) Average…

QUESTION 19 Che following table shows the DVDS production. Study the table and answer the questions? Labor (L) Total Marginal Average product of labor (TPL) Product Product of (MPL) labor (APL) 1 20 30 3. 36 4 40 42 42 6 1. Based on the above table, how much is the marginal product (MPL) of the 3rd labor? 2. Based on the above table, which labor has the largest marginal product? 3. Based on the above table, if the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?

QUESTION 19 Che following table shows the DVDS production. Study the table and answer the questions? Labor (L) Total Marginal Average product of labor (TPL) Product Product of (MPL) labor (APL) 1 20 30 3. 36 4 40 42 42 6 1. Based on the above table, how much is the marginal product (MPL) of the 3rd labor? 2. Based on the above table, which labor has the largest marginal product? 3. Based on the above table, if the price of DVD is $20, and the labor's wage is $80, how many labors will be hired (L*)?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

porter 5 force model for a launch of new product sting energy bar
PP.71 A small manufacturer of specialty welding equipment has developed a combination production plan for the next four quarters, as seen below. Supply/Demand Info Pre-Q1 Q1 4,620 4,620 Forecast (demand) Regular production Subcontract production Ending inventory Hired employees Fired employees Total employees 42 42 Q2 Q3 Q4 4,730 5,390 5,170 5.080 5.060 5.080 330 4 46 The table below shows additional relevant information: Capacity Information & Cost Variables Production rate (units/employee/quarter) Subcontractor capacity (units/quarter) Regular production cost/unit Holding cost'unit/quarter Hiring cost/employee Firing cost/employee Subcontract cost/unit 110 480 $85 $13 $820 $2,150 $119 110 110 46 46 What is the overall total cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total subcontract cost for this production plan? (Display your answer to the nearest whole number.) Number What is the total holding cost for this production plan?…
Question 16 MONTH EXPECTED DEMAND PRODUCTION DAYS Jan 800 21 Feb 500 18 Mar 600 18 Apr 1050 22 May 1150 19 June 1100 20 Cost Information: Subcontracting cost = SR 17 per unit per month Average pay rate = SR 10 per hour Labor-hours to produce a unit = 4 hours per unit Daily working hours = 8 hours a) Using excel, caleulate the total cost of the following plan : - Plan : is to maintain a constant workforce at a level necessary to meet the lowest demand month and to meet all demand above this level by subcontracting. (Answer in Field ) Attach your solutions.
Question 1: Janana De Malucho Textile Mill Co., Ltd. produces and sells 40/s combed and 60/s combed yarns for air-jet looms, which are being sold at high prices. To this end, they hired people from nearby villages, where there are few job opportunities. Sher Zaman employees devised a cost reduction plan, but the production manager did not welcome it. Another employee, Waseem, made some suggestions to improve its design, but the production manager was also not satisfied.1.State the management principle violated in the above paragraph.2.Determine any two values that the company wants to convey to society and how? Explain in your own words?
QUESTION #1 Mrs. Johnson, the owner of a small manufacturing business has patented a new device for kitchen appliance. Before trying to commercialize the device and add it to her existing product line, the she wants reasonable assurance of success. Variable costs are estimated at $8 per unit produced and sold. Fixed costs are about $60,000 per year. a. Forecasted sales for the first year are 15,000 units if the price is reduced to $20. With this pricing strategy, what would be the product's total contribution to profits in the first year? b. If the selling price is set at $30, how many units must be produced and sold to break even? Use both algebraic and graphic approaches
question 1 Terminator, Inc., manufactures a motorcycle part in lots of 250 units. The raw materials cost for the part is $150, and the value added in manufacturing 1 unit from its components is $280, for a total cost per completed unit of $430. The lead time to make the part is 3 weeks, and the annual demand is 4,200 units. Assume 50 working weeks per year. a. How many units of the part are held, on average, as cycle inventory? nothing units. (Enter your response as an integer.) What is its value? $_______.(Enter your response as an integer.) b. How many units of the part are held, on average, as pipeline inventory? nothing units. (Enter your response as an integer.) What is its value? $________________ (Enter your response as an integer.)
First-line Managers – Question 15 options: Have direct responsibility for producing goods or services It includes Foreman, supervisors, clerical supervisors Both A&B None
Question 40 A production manager wants to determine how many units of each product to produce weekly to maximize weekly profits. Production requirements for the products are shown in the following table. TTIT Product Material 1 Material 2 Labor ... (Ibs.) (Ibs.) (hours) A 4 B 1 4 5 none 3.5 Each week there are 300 pounds of material 1; 400 pounds of material 2; and 200 hours of labor. There is a standing order of 10 units of product C each week. The following table shows the output of POMQM. Variable Value Reduced Cost Original Val Lower Bound -In finity Upper Bound A 10 10 20 B 82.5 10 5.7143 Infinity C 10 10 -In finity 17.5 Original Val Lower Bound 300 Constraint Dual Value Slack/Surplus Upper Bound Constraint 1 167.5 In finity In finity 235 132.5 Constraint 2 70 400 330 Constraint 3 5 200 35 Constraint 4 -7.5 10 57.1429 Which constraints are binding? A All constraints are binding. B 1 and 2 3 and 4 D 2 and 3 E) 1 and 4
Q7.An example of a leading performance measure is: a. Number of new customers b. Production cycle time
H1.
Question 15 $1 h $0.50 $0.75 Estimate the cost of a stock-out if the margin is $1 and half the time the customer simply doesn' buy anything. $0.25 B Question 16 nwacc.instructure.com TH 2 mond of 6. Unfortunatel:
Q2. Discuss different types of Operations Strategies and different types of production strategies with example