BUS 100 - Project 1 - CourseHero

arrow_forward   Question Asked Jun 23, 2020 1 views Management of Ben Services identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximumamount they are willing to pay for room and board is GHC 1800 and forentertainment is GHC 750. Although Ben is not able to identify members of either group, it does know that each group values the components of the package differently. Assuming there are an equal number of members in each group and that the total membership in each group is a single individual. If the marginal cost of providing the service (room and board and/or entertainment) to each group is GHC 1000. i. If AG Travel and Tour wants to charge a package price, what is the highest price it can charge? ii. What profit will AG Travel and Tour make if it…

3.  You have developed a self-study certification system for those who need credit hours for recertification by your state’s social welfare office. The system operates at virtually no cost, i.e., there is no marginal cost. A marketing research team has assembled the following sales information. You are researching the options for pricing the courses. Your goal is to achieve maximum revenue to establish funding to maintain and update the system to reflect annual policy changes in licensing requirements. Complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment prices.  Online Self Certifications for Social Work License     Certification in Online Counseling   Certification as a Group Home Counselor   Bundle     Customers   TR Counseling   TR Group Home   TR Bundle Segment 1 1000 $190 a $70 e $260 4a                 Segment 2 1000 $150 b $90 f $240 4b…

Refer to the accompanying table below. The marginal cost of the 4tn unit of activity is: Units of Activity Total Cost Total Benefit $0 $0 1 $2 $12 2 $6 $22 $12 $20 3. $30 4 $36 $30 $40 6 $42 $42 7 $56 $43

Assume you are an engineer working for a chemical production company. You are on the technical team that is responsible for deciding what to do about the dangerous chemical that your company is using to produce its best-selling chemical product. Recent reports have just made known the dangers of this chemical, and the company now needs to decide how to proceed. There are several options to consider: stop producing the harmful product altogether and take a hit on total profits; continue to make the product and sell it, like nothing's wrong, since the federal government has not cracked down. You could also spend money and engineering efforts in R&D to develop a safe chemical that would take its place. There is no guarantee that this would happen any time soon, but the scientists think it is realistically possible. To make matters worse, your biggest competitor produces this harmful product off-shore and is not hampered by the US regulations. If you stop producing this product…

QUESTION 16 Assume that we have the following two alternatives to choose from: • Option A: accounting profit = 100K • Option B: accounting profit = 75K What is the economic profit if we select option A? a. 100K b. 25K c. 75K d. There is not enough information to answer the question

Over the course of a customer’s lifetime of reading a weekly magazine priced at $4 per issue, what is the value of the magazine? Assume a customer acquisition cost of $12, a retention cost of $0, printing and distribution costs of $1, an annual retention rate of 77% and an annual discount rate of 2.6%. Assume that price and non-marketing variable costs remain constant over the customer’s lifetime of reading the magazine.   Options:   A) 10.05   B) 30.50   C) 73.49   D) 14.20   E) 0.02   F) 261.25

Consider again Steve: Steve collects old synthesizers. One he bought a few years back for $3000 he's decided to sell. Over the time he owned it, Steve did $250 in repairs and renovations. In preparing to sell the synthesizer, he's told by a source he considers 100% reliable that he could sell it for $3250 as it currently is. If, however, he is willing to pay $400 for some additional cosmetic repairs, he's told he could definitely get $3800 instead. Steve repair the synth before selling because marginal cost is than marginal benefit. O should not; greater O should; less O should not; less O should; greater MacBook Air 吕口 F3 F4 F5 F6 F7 F8 2$ & 4 8 9. R Y 6

You and two friends find yourself craving a fresh pizza while preparing for the final exam on the engineering economy. You can't spend time picking up the pizza and you have to have it shipped. 'Pick-up-Sticks' offers 1-1/4-inch thick (including toppings), 20-inch square pizza with your option of two toppings for $15 plus 5 percent sales tax, and $1.50 delivery fee (no sales tax on delivery price). "Fred's" offers Sasquatch round, deep-dish, which is 20 inches in diameter. It is 1-3/4 inches thick, contains two toppings, and costs $17.25 plus sales tax of 5 percent and free delivery. (1) What is the problem in this situation? Please state that clearly and specifically. (2) Apply the seven principles of engineering economy systematically to the problem you set out in Part (1) (3) If your common unit of measurement is dollars (i.e., cost), what is the better value for having a pizza based on the criterion of reducing cost per unit volume? (4) What other criteria might be used to select…

QUESTION TWO (2) Assume you are managing a one-year project and have listed the project earned management value as below. Note that PV is the planned value, EV is the earned value, AC is the actual cost, and BAC is the budget at completion. PV = $25,000 EV = $22,000 AC = $27,000 BAC = $122,500 Review the project and answer the following to find your project status. a. Calculate the following for the project. i. Cost variance ii. Schedule variance iii. Cost performance index (CPI) iv. Schedule performance index (SPI) b. Discuss the project status whether it is ahead of schedule or behind schedule and whether it is under budget or over budget. c. Use the CPI to calculate the estimate at completion (EAC) for this project. Is the project performing better or worse than planned? d. Use the SPI to estimate how long it will take to finish this project.

Suppose the cost of purchasing euros (EUR) and Canadian dollars (CAD) at the airport are given by the following bid / ask price: EUR 1 = USD 1.32 / 1.47 CAD 1 = USD 0.85 / 0.97   How much USD is required to purchase EUR 2,000?  How much USD is required to purchase CAD 1,500?  How much USD will you get if you’d like to sell EUR 500 to the airport’s currency exchange store?  How much USD will you get if you’d like to sell CAD 500 to the airport’s currency exchange store?  Calculate the percent spread or margin for USDEUR.  Calculate the percent spread or margin for USDCAD.

Read the following article, which introduces the concepts of expected value and optimal decision making. Then answer the question that follows. EXPECTED VALUE AND OPTIMAL DECISION MAKING, BY THE APLIA ECONOMICS CONTENT TEAM As an alternative to raising property taxes in order to increase revenue, the village of Port Chester, New York, recently increased parking meter rates by 25% and also raised parking fines. According to an article from the lohud.com news site (Gabriel Rom, "Port Chester Increases Parking Costs, Fines," lohud.com, May 2, 2017), officials are hoping that the increased parking costs will yield an additional $500,000 in revenue for the village. Although in the past drivers may have been more willing to risk parking illegally, the optimal behavior for Port Chester drivers may have changed as the cost of a ticket has risen. Undoubtedly, some motorists will continue to take certain "gambles," perhaps risking a ticket for illegal parking in exchange for the benefit of saved…

(2.3) You are part of a sustainability consulting team tasked with evaluating the feasibility of retrofitting an old office building to achieve net-zero energy status. The goal is to reduce the building's carbon footprint to zero by enhancing its energy efficiency and installing renewable energy systems. Your task is to calculate the Benefit-Cost Ratio (BCR) of this retrofitting project to assess its financial viability. You know the following information about this project: Total cost of retrofitting measures: $800,000, including: High-efficiency HVAC system: $250,000 • Window upgrades: $150,000 Thermal insulation: $200,000 Solar PV system: $200,000 Grants and subsidies for green retrofitting: $100,000 Expected annual energy cost savings: $75,000 Additional annual savings (maintenance, etc.): $20,000 Expected lifespan of retrofitting measures: 25 years Time value of money rate: 7% Show your calculation process about BCR for the cost analysis.

Ken’s firm is committed to reducing greenhouse gas by 10 tons per year. The firm’s cost of abating a ton of carbon is shown below: Quantity of Carbon Abated in tons Marginal Cost of Carbon Abatement 1 $3 2 $4 3 $5 4 $6 5 $7 6 $8 7 $9 8 $10 9 $11 10 $12 Ken also has the option to instead pay for a reforestation project that offsets a ton of carbon. Each reforestation project cost $7. What is the best combination of production abatement and reforestation abatement for Ken? How much money does Ken save byusing the reforestation abatement?

QUESTION 19 Rex Carr could pay $10 for a shovel that lasts one year and pay $5 a car to his brother Scoop to bury the cars, or he could buy a low-quality car smasher that costs $200 a year to own and that smashes cars at a marginal cost of $1 per car. If it is also possible for Rex to buy a high-quality hydraulic car smasher that cost $650 per year to own and if with this smasher he could dispose of cars at a cost of $.75 per car, it would be worthwhile for him to buy this high-quality smasher if he planned to dispose of a. no more than 900 cars per year. b. at least 1,810 cars per year. c. at least 1,800 cars per year. d. at least 900 cars per year. e. no more than 1,800 cars per year.

Suppose you are an economist at the US Army Corps of Engineers. The Corps is considering whether to build a dam (such as the Kinzua Dam) to prevent flooding on a major river. The Corps asks you to conduct a cost benefit analysis of the project. The dam is expected to be in service for over 100 years, so you can assume the time horizon is essentially infinite. You have the following information: Estimated costs: • $1 billion in construction costs in the first year $10 million in maintenance costs every year, forever Estimated benefits: $20 million in property damage avoided every year, forever • 3 flooding deaths prevented every year, forever 1a. Assume r-3% and the value of a statistical life is $10 million. Calculate the present value of net benefits for the dam. Do you recommend that the project be approved? 1b. Assume the VSL is still $10 million. How big would the discount rate have to be to change your recommendation of the dam's approval? (In other words, find r such that the…

Answer the following question with (True) if the statement is correct and with(False) if the statement is wrong 1. Project is a temporary endeavor undertaken to create a unique product only ( __ )Justify:2. Time, budget, resources and customer specifications are the project limitations( __ )Justify:3. Adding working shifts to a late project will help crashing the project towards thedeadline( __ )Justify:4. Finish-to-start (FS) is a logical relationship in which a predecessor activity cannot startuntil a successor activity has finished. ( __ )Justify:5. The project customer/user not considered as a project stakeholder. ( __ )Justify:

Agree or Disagree and Why: One year ago, I loaned a friend $1000 and he just paid me back the whole $1,000. The loan did not cost me anything. An oil refinery bought millions of barrels of oil four months ago for $80 per barrel, compared to $120 / barrel today. The cost of using those barrels of oil to produce gasoline today is still $80.

WRITE A COMPREHENSIVE NOTE ON HOW AUTOMOBILE INDUSTRY IN PAKISTAN HAS CHANGED AFTER FIRST AUTO POLICY IN 2016.RELATE YOUR ANSWER TO LECTURE 5 (ENGINEERING ECONOMICS -II).ALSO DISCUSS THE IMPACT OF RECENTLY INDRODUCED ELECTRIC VEHICLE POLICY ON AUTOMOBILE INDUSTRY

Feasibility frontiers are typically drawn downward sloping and concave to the point of origin as depicted in the figure below: 100 90 80 70 60 50 40 30 20 10 24 Hours of free time per day Why do feasibility frontiers have this shape? Why can't feasible frontiers be convex? Can feasibility frontiers be a straight line instead of a curve? Why/why not? Final grade

Suppose the cost of purchasing euros (EUR) and Canadian dollars (CAD) at the airport are given by the following bid / ask price: EUR 1 = USD 1.32 / 1.47 CAD 1 = USD 0.85 / 0.97 How much USD will you get if you’d like to sell CAD 500 to the airport’s currency exchange store?  Calculate the percent spread or margin for USDEUR.  Calculate the percent spread or margin for USDCAD.

Summarize this article. Provide your thoughts.?????Configuration Management vs Change Management Done???? Changes are inevitable in any project's or product's life cycle. Some changes have either positive or negative effects on the project's baseline schedule, baseline budget, performance, and profitability. Other changes may affect the technical specifications and/or scope of a product. Although Configuration management and change managementrefer to two different concepts, they are complementary to each other. Many PMP aspirants are familiar with the change management concept. However, configuration management is not well known outside the IT industry. As per The PMBOK Guide, Configuration Management Plan and Change Management Plan are separate plans and they are subsidiary plans of the Project Management Plan. In this article, we will discuss both concepts and their key aspects. What is Configuration Management and Why is It Important? The configuration management focuses on how…

Exercise 3. Your software company recently instituted a highly regarded training program for newly hired software developers. The benefits of this program include not only the benefits to employees, but also the goodwill generated by an increase in your reputation among customers and professional groups. The costs of this training program include all of the labor, space, and consultants necessary. Suppose these benefits and costs are given by B(Q) = 100Q2Q² and C(Q) = 100, where Q represents the amount of hours each software developer should spend in training. (Note that MB = 100 – 4Q, MC = 10, and also that time can be measured in fractions of one hour.) a. What level of Q maximizes the total benefits of your newly introduced training pro- gram? b. What level of Q minimizes the total costs of the program? c. What level of Q maximizes the net benefits? d. What level of training is optimal? Why?

To determine the value of a bridge to members of a community, why is asking them directly not a reliable way of measuring the benefits and costs?   Question 11 options:   Those who stand to gain have an incentive to tell the truth.   Answers to the survey questions relating to cost will always be downwardly biased.   Those who stand to lose have an incentive to exaggerate their true costs.   Not everyone asked will be using the bridge.

The accompanying table shows the relationship between the speed of a computer's CPU and its benefits and costs. Assume that all other features of the computer are the same (that is, CPU speed is the only source of variation), and only the CPU speeds listed in the table are available for purchase. CPU Total Marginal Total Marginal GHz Benefit Benefit Cost Costs 2.0 $1,000 $900 2.5 $1,400 $ 100 3.0 $300 $1,200 3.5 $1,900 $ 1,500 4.0 $2,000 $ 400 The marginal cost of upgrading from a 2.5GHz to 3.0GHz computer is O $400. O $300. $200. O $100.

You are the CEO of a company. You have an opportunity to undertake the following project: pay $1,000 today and receive $1,300 a year from now. If the interest rate is 30%, the net gain of the project (cost minus benefit) is:     A) $440.   B) $200.   C) $166.   D) $0.

plans are underway for a new stadium for a baseball team. City officials question the number and profitability of the luxury corporate boxes planned for the upper deck of the stadium. Corporations and selected individuals may purchase a box for $300,00. The fixed construction cost for the upper deck area is estimated to be $4,500,000, with a variable cost of $150,000 for each box constructed.  a. what is the expected profit of building 50 luxury boxes

During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on a turning machine. Your boss’ memorandum to you has practically no information about what the alternatives are and what criteria should be used. The same task was posed to a previous employee who could not finish the analysis, but she has given you the following information: An old turning machine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit. The in-house technicians have given an estimate of $40,000 to modify this machine, and they assure you that they will have the machine ready before the projected start date (although they have never done any modifications of this type). It is hoped that the old turning machine will be able to meet production requirements at full capacity. An outside company, McDonald Inc., made the machine seven years ago and can easily do the…

During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on a turning machine. Your boss' memorandum to you has practically no information about what the alternatives are and what criteria should be used. The same task was posed to a previous employee who could not finish the analysis, but she has given you the following information: An old turning machine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit. The in-house technicians have given an estimate of $40,000 to modify this machi, and they assure you that they will have the machine ready before the projected start date (although they have never done any modifications of this type). It is hoped that the old turning machine will be able to meet production requirements at full capacity. An outside company, McDonald Inc., made the machine seven years ago and can easily do the…

During your first month as an employee at Greenfield Industries (a large drill-bit manufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on a turning machine. Your boss’ memorandum to you has practically no information about what the alternatives are and what criteria should be used. The same task was posed to a previous employee who could not finish the analysis, but she has given you the following information: An old turning machine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit. The in-house technicians have givenan estimate of $40,000 to modify this machine, and they assure you that they will have the machine ready before the projected start date (although they have never done any modifications of this type). It is hoped that the old turning machine will be able to meet production requirements at full capacity. An outside company, McDonald Inc., made the machine seven years ago and can easily do the…

Problem 4/ A firm produced two types of television x of type A and y of type B per year (in thousands). If the revenue and cost equations for the year are (in million dollars) R(x, y) = 3x+6y C(x, y) = x2 + y2-3x-2y-8 Determine how many of each type of television should be produced per year to maximize profit? What is the maximum profit?

5. You are employed as a research and development manager for a production company. The chief executive officer of the company has asked you to generate costing data to better assist in expansionaryplanning for the company. You are required to generate costs data from the equation below. C(y) = 23y2 + 12y + 8 assume 10 < y ≤ 30Calculate each cost for (a)-(f) in terms of $ values based on your selected (y) and provide a graphical representation of all cost curves from (a)-(f) on one graph. Please note that the graph need not to be drawn to scale but all curves should be labeled clearly.(a) variable costs;(b) fixed costs;(c) average variable costs;(d) average fixed costs;(e) average total cost;(f) marginal costs. 6. Optimize the Cobb-Douglas production function given the following parameters. The maximum about of money available to spend is $1, 600 where the price of K = 12 and the price of L = 6. That is Pk = 12 and Pl = 6. The function is given as q = K0.4L0.6. Using the Lagrangian…

The following figure shows the incremental cost of two units and the marginal cost (old) of the system, when all constraints are met. If both units were dispatched at their minimum values, what would be the marginal cost of the new system (new)? Select one: a The incremental cost of unit 1 Ob. Approximately 46.3 $/MWh S/MWh 49 48 C1=45+0.02Pg1 47 46 45 44 C2=43+0.006Pg2 I C. The incremental cost of unit 2 0 100 200 300 400 500- 600 MW

Plant Design is a major requirement for you to be able to graduate BS ChE in Batangas State University. Suppose you are a panelist, and you must evaluate if the design is feasible or not. You look at the breakdown of expenses, possible revenues, etc. Here are some important chapters and discussions taken from a certain plant design. Chapter 3: Market Study This plant design, entitled “IIVSDROP: The First Ear Dropper Solution Manufacturing Plant in the Philippines” considers a 30-year period of study, starting 2021, after finishing its construction by 2020. All projections, and interest rates set by the company shall be evaluated within this 30-year period. The inflation rate shall not be included in the computation and a minimum attractive rate of return is set at 20%. Chapter 4: Products Our company produces ear dropper solution which can be sold for PHP. 125.00 per bottle. Annually, the company can produce 1000 pallets of the product. Each pallet is stacked with 14 layers and each…