wer by using simple mathematics to calculate the indifference
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Three processes (A, B and C) are being considered. Each has a specific fixed cost
and production cost per unit (variable cost) as shown in the following table:
Process A
Process B
Process C
Fixed Cost
€5000
€100
€1000
Cost/Unit
€3
€15
€8
a) Using Microsoft Excel as a graphing tool, analyse the indifference points for
process A, B and C
b) Confirm your answer by using simple mathematics to calculate the indifference
points.
c) Explain in your own words, the significance of the indifference points.
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