The cumulative average labor hours to assemble the first five units of product A were 15.882 hours. If the learning curve, based on the previous experience with similar products, is 85%, what is the estimated time (labor hours) that will be required to assemble the 20th unit?

Q: For each of the below production functions, find the minimum cost of producing 2 units of output…

A: The input prices for producing 2 units of output are given as 2 and 5. Minimum cost needs to be…

Q: A chemical engineer at Tesoro Refining estimated the total cost for a diesel fuel desulfurization…

A: The cost factor technique can be used to determine the equipment cost. Cr=hCE Where, Cr= Estimated…

Q: A car part manufacturer has been asked to quote for 40 units of a new part. The following data are…

A: Learning curves uses the basis that the people and organizations get more efficient and productive…

Q: Estimate the cost in 2011 of chemical processing equipment if the cost of a unit one-fourth its size…

A: Cost of ¼ of its size C1 = $60,000 in 2005 Exponent factor = 0.24

Q: What is the estimate of the cumulative average hours per unit required to produce the 5th unit of a…

A: Below is the given values: Learning curve = 70% First unit takes time  = 53 hours

Q: The total design and construction cost for a sand filter machine to handle a flow rate of 0.7…

A: Cost Inflation Index (CII) is used to estimate the increase in the prices of goods and assets…

Q: GH is preparing its maintenance budget for the next period. Based on previous experience it has…

A: Production volume refers to the quantity or number of units of a product that a company manufactures…

Q: When competition is the dominant factor in pricing a product or service, what is the best cost…

A: When pricing a product or service is determined mainly by the competition, then top down strategy…

Q: If 209 labor hours were required to produce the 1st unit in a production run and 57 llabor hours…

A: The inputs such as capital, labor, and land are used to produce, and output in the market is known…

Q: The cost of a piece of equipment was $67,900 when the relevant cost index was 1457.4. Determine the…

A: Suppose, cost of the equipment (CM) is $67,900. The cost index (CI) is 1,457.4. new cost (NCM) is…

Q: The equipment for applying specialty coatings that provide a high angle of skid for the paperboard…

A: The overall cost factor (OCF) is 3.96. Delivery cost (DC) is $390,000. The total plant cost (TPC)…

Q: The cost of an electrode position control system in an electric arc furnace was $16,000 when the…

A: The cost of arc furance = $16000 Exponent  = 0.65

Q: The cost for construction of a desulfurization system for flue gas from boilers at a 600 MW power…

A: The given information: Cost (C1) = $250 million Correlation exponent (x) = 0.67 New Cost (C2) = $55…

Q: If the cost of an imported high-speed assemblyline robot is $80,000 and the in-country cost for one…

A: The cost of the robot (CR) is $80,000. The cost of new robot (CNR) is $120,000. The new robot’s…

Q: A company has a processing department with 10 stations. Because of the nature and use of three of…

A: The given Table -1 shows the cost center, IDC allocated, and operation hours as follows:

Q: When estimating a short-run production function of the form Q = AL3 + BL2, it is necessary to…

A: The standard way to represent the cost function is in the cubic form. C= D+AL3+BL2Where D is the…

Q: 11. A certain machine was $15,000 in year 2000 when the cost index was 1092. If the cost index now…

A: C2=C1Q2Q1xItI0 where C1 is the cost of machine in previous year C2 is cost of machine now Q2/Q1…

Q: The equipment cost for removing arsenic from a well that delivers 800 gallons per minute is $1.8…

A: Given:- The equipment cost is given as $1.8 million or $1,800,000 The overall cost factor is 2.25.…

Q: The Precision Machine Tool Manufacturing Company has the following total cost function:…

A: The total expenditure (cost) expended on capital to achieve a certain amount of production, both…

Q: A mini-wind tunnel for calibrating vane or hotwire anemometers costs $3750 in 2011 when the Marshall…

A: Cost estimation using capacity is given as: Ct = C0 (Q1/Q0)x (It/I0) Where, Ct = cost estimation at…

Q: Find the required sum. 6 E ((k - 1)4 + 8) k= 1 6 2 ((k - 1)4 + 8) = (Simplify your answer.) k = 1

A: Put the value of  K in the given function till 6 and then sum up all digits

Q: A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls…

A: Given, Total capacity of call annually = 1,500,000 Total fixed cost = $ 850,000 Average variable…

Q: Estimate the cost in 2018 of a 950-horsepower steam turbine air compressor if a 200-horsepower unit…

A: The production of a cost estimate for a new project is based on the construction cost data from…

Q: The cost of a 68 m2 falling-film evaporator was 1.65 times the cost of the 30 m2 unit. What exponent…

A: The cost capacity factor can be calculated by using the following formula:

Q: The average cost function is:- 21Q - 33 Calculate the total cost function

A: We are given that the average cost function of the firm is as :- 21Q - 33 We need to calculate the…

Q: A car wheel making company has the following data related to cost: Total Cost = $ 15000 + 1000X and…

A: Break-even point: It is the point where TC=TR.

Q: The cost of lumber per million board feet (MBF) in January 2007 was $464.49 when the value of the…

A: MBF = 464.49 MCI = 2583.52

Q: The cost for constructing a small building in 1999 was $700,000. The construction cost index was…

A: The estimated cost can be calculated as follows:

Q: In a complex assembly operation, it is found that the learning curve rate is 85%. The standard time…

A: According to the given question, we have the learning curve rate is 85% or 0.85 . And it is given…

Q: ESTIMATE THE AMOUNT OF INPUT TO MAXIMIZE THE PROFIT WHEN MFC (2) = MVP (0.92)

A: Profit: It refers to the revenue or extra income of the firm. The more the profit the firm is…

Q: A call center in India used by U.S. and U.K. credit card holders has a capacity of 1,500,000 calls…

A: Break-even (BE) is a point where the firms incur no loss or profit.

Q: ABC company is planning to double their production capacity in 2023. The construction cost of a…

A: Economy of Scale refers to the cost advantages that a business can achieve by increasing its…

Q: 4) A company produces a chemical at a rate of 1000 tons/year with a planned sale price of 0.8 TL /…

A: yearly production = 1000 tons = (1000 x 1000)kg = 10,00,000 kg yearly production cost = total…

Q: Suppose Cobb-douglus prodution function, yielded = 0.956875 and â = -1.38961 thus the log form…

A: logQ = -1.38961 + 0.956875 log K + 0.429457 log L

Q: If the cost of an 8000-operation-per-second assembly line robot is $80,000 and the cost for one with…

A: The cost-capacity equation states that the ratio of costs of current and previous capacities is…

Q: What is the input use level for total value product maximization for the following function?…

A: As the marginal product falls then the total product also falls and as the marginal product becomes…