The Return of Detroit City: Enpar manufactures engine partsfor Ford using steel as an input. Enpar operates two plants,one in Detroit, MI and one in Greenville, SC. Theproduction functions for the two Enpar plants are:Detroit:QD=28SD-0.25 SD2Greenville:QG= 60SG-0.5 SG²where QD and QG are the outputs of engine parts (in units)from the Detroit and Greenville plants, respectively. Spand SG are the amounts of steel for the two plants. Thefirm has 171 units of steel available.How much steel should be sent to Detroit?Enter as a value. ROUND TO THE NEAREST WHOLENUMBER.

given:Qd = 28Sd -0.25Sd2Qg = 60 Sg - 0.5Sg2Total production = 171 Given that the total production…

Answered: The Return of Detroit City: Enpar…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The Brain Bucket Company (BBC) produces helmets for winter sports. It has production facilities in Toronto and Winnipeg. The production function for the Toronto facility is Qr LT, (1) where LT is the quantity of labour hired in Toronto. The production function for the Winnipeg facility is VLw. (2) Qw where Lw is the quantity of labour hired in Winnipeg. The wage rate in Winnipeg is one and the wage rate in Toronto is two. Answer the following: (a) If BBC wishes to produce Q helmets at the lowest possible cost, how should it distribute production between the two cities? Use your answer to find a function showing the cost of producing Q helmets.
Let a two-output cost function be given by
S1. A firm's production function is well described by the equation Input prices are $10 per labor hour and $20 per machine hour, and the firm sells its output at a fixed price of $10 per unit. a. In the short run, the firm has an installed capacity of K = 50 machine hours per day, and this capacity cannot be varied. Create a spreadsheet (based on the example below) to model this production setting. Determine the firm's profit-maximizing employment of labor. Use the spreadsheet to probe the solution by hand before using your spreadsheet's optimizer. Confirm that MRPL = MCL. C 1 2 3 4 5 6 7 8 9 10 11 12 13 A B Labor MPL Q = 2L .01L² + 3K-.02K². 20.0 1.600 MRPL 16.0 MCL 10.0 D OPTIMAL INPUTS E F Capital 50.0 MPK 1.000 MRPK 10.0 MCK 20.0 G H Output Price MR Revenue Ave Cost I Profit 136.0 10.0 Cost 1200.0 8.8 10.0 1360.0 160.0 b. In the long run, the firm seeks to produce the output found in part (a) by adjusting its use of both labor and capital. Use your spreadsheet's optimizer to find…
The time to assemble the first unit on a production line is 11 hours. The learning rate is 0.86. Approximately how long will it take for the fifth unit to be assembled? The number of hours needed for the fifth unit to be assembled is hours. (Round to one decimal place.)
The Return of Detroit City: Enpar manufactures engine parts for Ford using steel as an input. Enpar operates two plants, one in Detroit, MI and one in Greenville, SC. The production functions for the two Enpar plants are:Detroit: QD= 18SD – 0.25 SD2 Greenville: QG= 43SG – 0.5 SG2 where QD and QG are the outputs of engine parts (in units) from the Detroit and Greenville plants, respectively. SD and SG are the amounts of steel for the two plants. The firm has 104 units of steel available.How much steel should be sent to Detroit?Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.
A firm faces the following costs: total cost of capital = $8,000; price paid for labor = $20 per labor unit; and price paid for raw materials = $6 per raw-material unit. Initially, the firm can produce 2,000 units of output by combining its fixed capital with 250 units of labor and 400 units of raw materials. After the firm improves its production process, it can produce 5,000 units of output by combining its fixed capital with 150 units of labor and 300 units of raw materials. How will the firm's total costs change as a result of the improved production process? Instructions: Enter your answers as a whole number. Total cost changes from $ ___ using the original process to $ ___ using the improved process. plz answer correct asap dont answer by pen pepar
Paradise Pottery had the following costs in May when production is 800 ceramic pots: materials, $8,700; labor (variable), $2,900; depreciation, $1,100; rent, $900; and other fixed costs, $1,500. If production changes to 900 units, how much will the total variable costs and total fixed costs be, respectively?
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Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year’s operations (revenues and costs in thousands of dollars). Store Revenues Costs 101 $4,120 $4,244 102 2,247 2,934 103 5,768 5,211 104 4,022 4,048 105 2,944 3,736 106 4,063 3,389 107 6,914 5,059 108 1,809 2,474 109 5,516 4,768 110…

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