Trenny has asked her assistant to prepare estimates of cost of two different sizes of power plants. The assistant reports that the cost of the 130 MW plant is $200,000,000, while the cost of the 240 MW plant is $320,000,000. If Trenny has a budget of only $300,000,000, estimate how large a power plant she could afford using linear interpolation (Enter your answer rounded to one decimal place and in MW eg. XX.X)? Number

Trenny has asked her assistant to prepare estimates of cost of two different sizes of power plants. The assistant reports that the cost of the 130 MW plant is $200,000,000, while the cost of the 240 MW plant is $320,000,000. If Trenny has a budget of only $300,000,000, estimate how large a power plant she could afford using linear interpolation (Enter your answer rounded to one decimal place and in MW eg. XX.X)? Number

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For the following problem, what would be the objective function that aims at minimizing the total cost considering that X1, X2, X3, and X4 are the number of units produced and sold of Products 1, 2, 3, and 4, respectively? Manufacturing time (hr) per unit Machine Cost per hr ($) Product 1 Product 2 Product 3 Product 4 Capacity (hr). 10 2 4 2 500 5 3 1 2 380 4 7 1 450 Unit selling price ($) 75 45 O a. 20X1+30X2+40X3+20X4 O b. None of the answers OC. 75X1+70X2+55X3+45X4 Od. 63X1+52X2+53X3+34X4 123 دي دا فيا 70 2 55
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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
Please don't use excel and show equations used.
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Q 4: Answer the questions below using the following Table (you can also take help from the Figures if needed): MC ($) 7,259 6,548 5,838 5,125 4,417 3,706 MC ($) 6,541 6,821 7,102 Total cost ($) 105,311,250 202,070,000 Students AC ($) Undergraduate 13,750 27,500 41,250 55,000 68,750 82,500 Students 7,659 7,348 7,038 6,727 6,417 6,106 369,985,000 441,168,750 503,745,000 Total cost ($) AC ($) Graduate 2,750 5,500 8,250 11,000 13,750 16,500 12,140 33,385,000 9,399 8,672 8,365 8,249 8,228 51,697,000 7,383 7,664 7,945 92,015,000 113,423,750 135,762,000 (a) IDENTIFY and EXPLAIN differences between the universities' cost structures for undergraduate and graduates? (b) The new Vice Chancellor has asked you for advice on whether she should consolidate or expand the programs. Provide your advice using the information in the table. (c) What is the effect of the introduction of a license fee of 9 million dollars by the government for undergraduate programs being offered by universities on the…
A heavy equipment manufacturing company has produced its first unit using 3500 hours and $300,000 overhead cost. The next unit, i.e. the second unit took 3300 hours. Overhead cost for this unit was $200,000. Suppose the labor was $20 per hour. Being the production manager, you need to decide what would be the total production costs for additional 10 units after the completion of the second unit. Round the final amount to nearest integer. $1,597,832 C$1,003,183 (DNone of the above
Suppose Cobb-douglus prodution function, yielded 3 = 0.956875 and â = -1.38961 thus the log form becomes logQ = -1.38961 + 0.956875 log K +0.429457 log L (8.662) (4.390) (4.139) T = 90 R = 0.6755 F(2,87) = 117.74 ở = 0.27476 (i) If K is increased by 10 percent while L remains constant,estimate how much Q would increase. (ii) If all factors pf production (both K and L) are each increased by 10 percent estimate how much Q would increase.
production function is Q = An orange grower has discovered a process for producing oranges that requires two inputs. The min{2x1, x2}, where x₁ and x2 are the amounts of inputs 1 and 2 that he uses. The prices of these two inputs are w₁ = 5 and w₂ = = 2, respectively. The minimum cost of producing 140 units is (a) $980 (b) $630 (c) $1400 (d) $280 (e) $700
how did you find p= 4.1 in step 2
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