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1) Provide a description of the required factors of production, grouping them according to whether the factors of production are
a) Fixed and hence unlikely to vary much according to the quantity of goods sold (e.g. overheads); or
b) Variable and hence likely to increase with increased production
Use the above information to comment on the likely overall cost structure of your business .
For example: Are fixed costs large or small relative to variable costs? Does this mean that the firm's 'optimal' size is likely to be small, medium or large?
regression line drawn as y=c + 1075x, when x was 2, and y was 239, given that y intercept was 11. calculate the residual
Ask question #Minimum 100 woRead this article and then write a three-page summary of the application (problem definition, objective function constraints, decision variables, etc.)
correct answer
Ask question #Minimum 100 words what can engineer planner do in métallurgie accepted#
This is a procedure of determining the potential if any for improving each of the non basic variables in terms of the objective function. To determine this potential each of
A certain type of machine breaks down at an average rate of 5/hour. the break down is in accordance with Poisson process.cost of idle machine hour is $15/hour. 2 repairmen Peter an
a pipe lis dur for rpair,the repair would cost 10000 and it would last for 3 years.alternatively a new pipe line can be purchase at 30000 for 10 years.assuming 10% depriciation rat
A PAPER MILL PRODUCES TWO GRADES OF PAPER VIZ., X AND Y. BECAUSE OF RAW MATERIAL RESTRICTIONS, IT CANNOT PRODUCE MORE THAN 400 TONS OF GRADE X PAPER AND 300 TONS OF GRADE Y PAPER I
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
characteristics of operational research model
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