A large chocolate production facility is having trouble disposing of the tons of cocoa bean shells that it generates every week. The shells cannot be used in the production of chocolate, and the costs of shipping them to a distant landfill are escalating rapidly. Additionally, changes in state regulations will soon force the facility to send less and less material to the landfill. You are required to use brainstorming to generate of as many possible methods of disposal of, or reuses for, the cocoa bean shells. Some examples are: 1) compost the shells on site and make them into fertilizer, or 2) sell them as home insulation, etc.

A large chocolate production facility is having trouble disposing of the tons of cocoa bean shells that it generates every week. The shells cannot be used in the production of chocolate, and the costs of shipping them to a distant landfill are escalating rapidly. Additionally, changes in state regulations will soon force the facility to send less and less material to the landfill. You are required to use brainstorming to generate of as many possible methods of disposal of, or reuses for, the cocoa bean shells. Some examples are: 1) compost the shells on site and make them into fertilizer, or 2) sell them as home insulation, etc.

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

Chapter1: Introduction And Goals Of The Firm

Section: Chapter Questions

Problem 4E: In the Southern Company Managerial Challenge, which alternative for complying with the Clean Air Act...

See similar textbooks

Similar questions

If consumption is $30,000 when income is $40,000, and consumption increases to $34,000 when income increases to $45,000, the MPC is Select one: O a. None of the options O b. 0.8 O c. 0.2 O d. 0.4
Suppose Natasha currently makes $ 50,000 per year working as a manager at a cable TV company. She then develops two possible entreprenuiral business opportunities. In one, she will quit her job to start an organic soap company. In the other, she will try to develop an Internet-based competitor to the local cable company. For the soap-making opportunity, she anticipates annual revenue of $ 465, 000 and costs for the necessary land, labor, and capital of $ 395, 000 per year. For the Internet opportunity, she anticipates costs for land, labor, and capital of $ 3, 250,000 per year as compared to revenues of $ 3, 275,000 per year. What opportunity should she persue? a) She would persue the soap business b) She would persue the Internet business c). She would continue working for the cable TV company.
The surface area of a certain plant that requires painting is 8 ,000 sq ft. Two kinds of paint are availablewhose brand are J and K .Paint J costs P1.40 per sq.ft but needs renewal at the end of every 4 years while paint K costsP1.8 per square ft. If money is worth 16% effective , how often should paint K be renewed so that it will be aseconomical as paint J? A) 5.6.years C) 3.9 yearsB) 4.2 years D) 5.3 years
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?
The Almost-Graduating Senior Problem. Consider this situationfaced by a first-semester senior in civil engineering who is exhaustedfrom extensive job interviewing and penniless from excessivepartying. Mary’s impulse is to accept immediately a highly attractivejob offer to work in her brother ’s successful manufacturing company.She would then be able to relax for a year or two, save some money,and then return to college to complete her senior year and graduate.Mary is cautious about this impulsive desire, because it may lead tono college degree at al a. Develop at least two formulations for Mary’s problem.b. Identify feasible solutions for each problem formulation in Part (a).Be creative!
How much carbon dioxide would you prevent from entering the atmosphere in one year if you replace a 100 w light bulb with a CFL light bulb that uses 30 watts and they fix your that you have on 8 hours per day round the answer to the hundredth place. Your friend uses 5.5 gallons of gas each month mowing his lawn approximately how much CO2 pollution does it cause per month. How much does it create per year. Assuming he mows 6 months per year.
E1 Prior to the expansion, the Fountainbleau profits were $60m and the Eden Roc's profits were $25m. If the Fontainebleau completes the highrise expansion, their profits will increase by A. If the expansion is built and Eden Roc makes no changes, Eden Roc's profits will fall by B from the shadow cast on its pool area. Eden Roc can convert the shaded region of their property to a nightclub (which is unaffected by any shadow). In that case, Eden Roc will earn a total profit of C. Alternatively, the Fountainblue can demolish the expansion and instead put in two story condominiums which will not interfere with Eden Roc's sunlight, but then will only increase profit by D. Suppose that Eden Roc loses the lawsuit, and Fountainebleau is permitted to complete construction as it chooses. A) What will each party choose to do in the absence of bargaining? B) What will be the threat values? C) What is the cooperative surplus from bargaining? Enter zero if there is no cooperative surplus to…
DescriptionThe Islamabad Expressway is a major north-south expressway in Islamabad, CapitalTerritory, Pakistan. The expressway provides quick access between Islamabad andRawalpindi, connecting the national capital with the N-5 National Highway at TChowk. The total length of the expressway is 28 kilometers (17 mi), with lanes varyingfrom six to ten. In 2007, the Capital Development Authority proposed to build threenew interchanges on the highway at Karaal Chowk, Lehtrar Road and Dhok Kala KhanRoad to make it signal free and it were completed with as funds allocated. The expansion is still in progress.Statement of the ProblemThere is a traffic congestion from Gulberg green to T-Chowk due to a smaller numberof lanes or bottle neck problem. The number of lanes is reduced to 2 each side whichcause congestion.You are given a task to,I. Propose a economical solution to improve the travel time.II. Design the flexible pavement according to your proposed solution andtraffic count.III. Prepare a…
Q. 2 (PLEASE DO THIS IN EXCEL) Hannah Byers and Kathleen Taylor are considering the possibility of teaching swimming to kids during the summer. A local swim club opens its pool at noon each day, so it is available to rent during the morning. The cost of renting the pool during the 10-week period for which Hannah and Kathleen would need it is $1,700. The pool would also charge Hannah and Kathleen an admission, towel service, and life guarding fee of $7 per student, and Hannah and Kathleen estimate an additional $5 cost per student to hire several assistants. Hannah and Kathleen plan to charge $75 per student for the 10-week swimming class. a. How many students do Hannah and Kathleen need to enroll in their class to break-even? b. If Hannah and Kathleen want to make a profit of $5000 for the summer, how many students do they need to enroll? c. Hannah and Kathleen estimate that they might not be able to enroll more than 60 students. If they enroll this many students, how much would…
Assume the relationship between the growth of a fish population and the population size can be represented as g= 8S – 0.2S2, where g is the growth in tons and S is the size of the population (in thousands of tons) a. Given a price of $100 a ton of fish, what is the marginal benefit of smaller population sizes? b. Estimate the population size that is compatible with the maximum sustainable yield. What would be the size of the annual catch if the population were to be sustained at this level? c. If the marginal cost of additional catches (represented in terms of the population size) is MC= 3(120-S), what is the population size that is compatible with the efficient sustainable yield? d. Is there a difference between the maximum sustainable yield you calculated in part (b) and the efficient sustainable yield in part (c)? Why or why not? Explain briefly (in 1 paragraph or less)
You are the owner of a large data-services firm and are deciding on the purchase of a new hardwarecooling system that you expect will yield $233,300 in cost-savings per year for the next 15 years. Theinstallation of this cooling system will cost $3,000,000. Additionally, O&M expenditures for the collingsystem are expected to be $2,120 per year. use excel to solve 1. At face value, does this system seem profitable? By how much?2. Assume that your company uses a discount rate of 6%.a. What is the Net Present Value (NPV) of this project?b. How does the NPV of this project change as you assume a higher or lower discountrate? Why?
Problem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine 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 assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…