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The process engineer at Strow bridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies. When the order is processed on machine A, four sequential set up operations of 1 hour each are required. Once set up, the machining time is 0.50 hours per unit. When the order is processed on machine B, eight sequential set up operations of 0.75 hours each are required. Once set up, the machining time per unit is 0.55 hours. The hourly wage raes for operators are $20 and $18 for machine A and machine B, respectively. The hourly overhead rates, including set up time, are $30 and $27 for machine A and Machine B, respectively. a) Which machine is preferred if the order size is 100 units? b) Which machine is preferred if the order size is 500 units c) What is the breakeven order size
Assume that you were ready to buy a custom tailored Dress (or men’s suit) and you are prepared to pay up to $200 for it. Also assume that the tailor is prepared to sell that item of clothing for as little as $100. When you arrive at the tailor shop, ..
An experienced salesman offers his service (help you perfectly price discriminate) for $800. Based on c) and d), do you accept the salesmans offer? Show work, and explain briefly.
Bob’s Breakfast, a perfectly competitive restaurant, sells its Breakfast Special (the only item on the menu) for $5.00. The costs of waiters, cooks, power, food, etc. average out to $3.95 per meal. The costs of the lease, insurance and other such exp..
Illustrate what mistakes did policymakers make that have kept developing nations from growing more quickly.
discussions facility costs please respond to the following suppose you have been working with the federal government
Elucidate the marketing implication of the factors contributing to the successful development of a multinational market groups.
Three major causes of inequality of income. Describe what the primary factors are that lead to poverty. We have learned there are two solutions to reduce poverty. We could expand welfare and redistribution programs, and make taxes more progressive. C..
Suppose demand for a product Q = 1,200 - 4P and supply is Q = -200 +2P. Furthermore, suppose that the marginal external damage of this product is $8 per unit. How many more units of this product will the free market produce than is socially optimal? ..
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
The most likely reason that oil prices spiked during 2007-2008 was because
What is the solution of the Solow model for consumption per person in the steady state, c ∗ = C ∗/L∗ ? How does each parameter in the solution affect c ∗ , and why?
A firm sells its product in a perfectly competitive market where or firms charge a price of $80 per unit. Illustrate what price should firm charge in short run.
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