1. A civil engineer has 2 alternative designs for a house. Both designs involve the acquisition of a work force that will be provided by the owner and other capital equipment to be used for this construction only. a. Design 1 calls for a workforce consisting of 5 men each costing P500/day. This design will be finished in 4 months. b. Design 2 calls for a workforce consisting of 10 men each costing P350/day and is expected to be finished in 3 months. In addition, there will be a project engineer who will supervise the work and will be paid P1000/day. His supervision will be required during the entire construction period. Disregarding material cost, how much is the total salary expenses for Design 1 and for Design 2. Assume that there are 24 working days in a month.
1. A civil engineer has 2 alternative designs for a house. Both designs involve the acquisition of a work force that will be provided by the owner and other capital equipment to be used for this construction only. a. Design 1 calls for a workforce consisting of 5 men each costing P500/day. This design will be finished in 4 months. b. Design 2 calls for a workforce consisting of 10 men each costing P350/day and is expected to be finished in 3 months. In addition, there will be a project engineer who will supervise the work and will be paid P1000/day. His supervision will be required during the entire construction period. Disregarding material cost, how much is the total salary expenses for Design 1 and for Design 2. Assume that there are 24 working days in a month.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter17: Long-term Investment Analysis
Section: Chapter Questions
Problem 10E
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