Engineering Economy, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134838137
Author: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher: PEARSON
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Question
Chapter 2, Problem 24P
a.
To determine
The annual profit for the plant when working at full capacity.
b.
To determine
The annual profit for the plant when working at full capacity.
c.
To determine
The total cost per pound at fullest capacity.
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Melvin manufactures a single product. Total cost per unit is $70 when production is 100 units per week, and $62.50 when production is 160 units per week. What are the total fixed costs per week?
A marginal cost function C' (q) is given in the figure below. If the fixed costs are $12,000, estimate the following
Sunit
25
20
15
C(q)
10
0
15 30 45 60 75 90 9 (quantity)
x Your answer is incorrect.
(a) The total cost to produce 45 units.
Round your answer to the nearest integer.
The total cost is $
270
Show Transcribed Text
(b) The additional cost if the company increases production from 45 units to 60 units.
Round your answer to the nearest integer.
The additional cost is $330
eTextbook and Media
Hint
x Your answer is incorrect.
(c) The value of C' (38). Interpret your answer in terms of costs of production.
Round your answers to the nearest integer.
C' (38)=
approximately $
means that the cost of producing the
Show Transcribed Text
The total cost in dollars to produce q units of a product is C (q). Fixed costs are $11,000. The marginal cost is
C' (q) 0.007q-q+63.
Round your answers to two decimal places.
(a) Find C (190), the total cost to produce 190 units.
The total cost to…
True/false
Variable cost changes or vary with the change in the level of output in a production process.
Chapter 2 Solutions
Engineering Economy, Student Value Edition (17th Edition)
Ch. 2 - An experimental composite engine block for an...Ch. 2 - Given below is a numbered list of cost terms. For...Ch. 2 - Prob. 3PCh. 2 - Prob. 4PCh. 2 - Prob. 5PCh. 2 - Prob. 6PCh. 2 - Prob. 7PCh. 2 - Prob. 8PCh. 2 - Prob. 9PCh. 2 - Prob. 10P
Ch. 2 - Prob. 11PCh. 2 - Prob. 12PCh. 2 - Prob. 13PCh. 2 - Prob. 14PCh. 2 - Prob. 15PCh. 2 - Prob. 16PCh. 2 - Prob. 17PCh. 2 - Prob. 18PCh. 2 - Prob. 19PCh. 2 - Prob. 20PCh. 2 - Prob. 21PCh. 2 - Prob. 22PCh. 2 - Prob. 23PCh. 2 - Prob. 24PCh. 2 - Prob. 25PCh. 2 - Prob. 26PCh. 2 - Suppose you are going on a long trip to your...Ch. 2 - Prob. 28PCh. 2 - Prob. 29PCh. 2 - A company uses a variable speed honing machine to...Ch. 2 - Prob. 31PCh. 2 - An automobile dealership offers to fill the four...Ch. 2 - Prob. 33PCh. 2 - Prob. 34PCh. 2 - Prob. 35PCh. 2 - Prob. 36PCh. 2 - Prob. 37PCh. 2 - Prob. 38PCh. 2 - Prob. 39PCh. 2 - Prob. 40PCh. 2 - Prob. 41PCh. 2 - Prob. 42PCh. 2 - Prob. 43PCh. 2 - Prob. 44PCh. 2 - A hot water leak in one of the faucets of your...Ch. 2 - Prob. 46PCh. 2 - Prob. 47PCh. 2 - Prob. 48SECh. 2 - Prob. 49SECh. 2 - Prob. 50CSCh. 2 - Prob. 51CSCh. 2 - What is the optimal number of units that should be...Ch. 2 - Prob. 53FECh. 2 - Prob. 54FECh. 2 - Prob. 55FECh. 2 - Prob. 56FECh. 2 - Prob. 57FECh. 2 - Prob. 58FE
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