Engineering Economic Analysis
13th Edition
ISBN: 9780190296902
Author: Donald G. Newnan, Ted G. Eschenbach, Jerome P. Lavelle
Publisher: Oxford University Press
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Question
Chapter 3, Problem 1QTC
To determine
One year of production has value of $240 million. What is the value of one batch of product.
Expert Solution & Answer
Answer to Problem 1QTC
So, value of one batch is 0.01 million.
Explanation of Solution
With the improvement in production process, the quality of product increases with less wastage and in less time.
It is given that the product yield was valued at $2.4 million per year when 240 batches are being produced.
Thus, if production value is increased to $240 million
Hence, value of one batch =
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Chapter 3 Solutions
Engineering Economic Analysis
Ch. 3 - Prob. 1QTCCh. 3 - Prob. 2QTCCh. 3 - Prob. 3QTCCh. 3 - Prob. 4QTCCh. 3 - Prob. 5QTCCh. 3 - Prob. 1PCh. 3 - Prob. 2PCh. 3 - Prob. 3PCh. 3 - Prob. 4PCh. 3 - Prob. 5P
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