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Question: Average setup time on a certain production machine is 4.0 hr. Average batch size is 48 parts, and average operation cycle time is 4.2 min. The reliability of this machine is characterized by mean time between failures of 37 hr and a mean time to repair of 55 min.
(a) If availability is ignored, what is the average hourly production rate of the machine.
(b) Taking into account the availability of the machine, deterine its average hourly production rate.
(c) Suppose that availability only applied during the actual run time of the machine and not the set up time. Determine the average hourly production rate of the machine under this scenario.
Draw a production possibilities frontier and label points as inefficient, efficient, feasible, or infeasible, and display a change in resources or technology.
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A local video store estimates their average customer's demand per year is Q = 7 - 2P, and knows the marginal cost of each rental is $0.5. How much should the store charge for an annual membership in order to extract the entire consumer surplus via an..
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Under Armour's Big Step Up Under Armour, the red-hot athletic-apparel brand, has joined Nike, Adidas, and New Balance as a major player in the market.
indicate whether or not each of the following examples of business behavior are legal or illegal under current
Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.
aggregate outputincome consumption planned investment2000 2100 3002500 2500 3003000 2900 3004000 3700 3004500 4100
assume that the risk-free rate is 3.5 and the market risk premium is 5. what is the expected return for the overall
Estimate the equilibrium price and quantity (b) Graph the market equilibrium (c) Suppose the price of a substitute good, say gadgets, suddenly falls below the equilibrium price of widgets, show and explain how the new price of gadgets will affect ..
Consider the following information on condominium units used as rental property: -the interest rate is 6 percent -the market value of a typical units is $100,000
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