If the annual demand is reduced to 8,000 units, the set-up costs increased to $120, inventory carrying cost increased to $0.60 per unit per year and the demand during the production period is maintained at 60 units per day and 80 units can be manufactured daily, calculate a. The optimum production quantity (Q*) per production run (or per production lot). b. The length of each production run.
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- If the cost of each Robust tablet increases to 75 c and the cost of each Vigortab increases to 80 c , find the minimum cost.In order to facilitate passenger transport, an express bus system is to be set up between AIT Campus and Kwame Nkrumah Interchange at a distance of 13.73 miles. The operating timeis expected to be half an hour. The estimated peak demand is 3500 passengers/hr. The available buses have a seating capacity of 35 and space for 25 standees. Given a terminal time of quarter hour. i) determine the departures per hour and number of buses that will berequired to serve the passenger demand.Suppose now that the government decides to increase the number of quotas available to 72 units, but keeps the price support at the current level of $72. calculate the consumer surplus the producer surplus Deadweight loss which if the two options would be preferred by the producers? which of the two options would be preferred by a society as a whole?
- A manufacturing company had won a contract to supply 109200 units of a product to a customer.The production planing and control department of the company has estimated the production in the first week to be 8,000 units,but that by recruiting and training some extra staff,output will rise by 200 units each week . a. When would the company be able to complete the contract. B.If the recruitment of staff does not go as well as expected so that after six weeks ,weekly production remains constant at the level achieved in the sixth week.how long would it take to complete the contractSuppose a company has fixed costs of $41,600 and variable cost per unit of 2/5x + 444 dollars, where x is the total number of units produced. Suppose further that the selling price of its product is 1776 − 3/5x dollars per unit. (a) Find the break-even points. (Enter your answers as a comma-separated list.) x = 1300, 32---correct (b) Find the maximum revenue. (Round your answer to the nearest cent.)$ 1314240----- correct(c) Form the profit function P(x) from the cost and revenue functions. P(x) = ????? Find maximum profit.$ 401956--- correct(d) What price will maximize the profit? (Round your answer to the nearest cent.)$ ??? only need help on c and dWhat is the total weekly cost when weekly demand is 202? What is the unit variable cost per sleeping bag? What is the weekly fixed cost of producing sleeping bags?
- A machine costs P 8,000.00 and an estimated life of 10 years with a salvage value of P500.00. What is its book value after 8 years using straight-line method?The supervisor at the Precision Machine Shop wants to determine the staffing policy that minimizes total operating costs. The average arrival rate at the tool crib, where tools are dispensed to the workers, is eight machinists per hour. Each machinist’s pay is $25 per hour. The supervisor can staff the crib either with a junior attendant who is paid $13 per hour and can process 12 arrivals per hour or with a senior attendant who is paid $16 per hour and can process 16 arrivals per hour. Which attendant should be selected, and what would be the total estimated hourly cost?Orange Tech. can make a maximum of 2743 webcams per month and sell them for $209 each. The company's fixed costs per month are $143,660, and the variable costs are $99 per unit.a) Compute the contribution margin per unit. CM=CM=$ b) Compute the contribution margin rate (round off to the nearest percent). Hint: Contribution margin rate is CM(%)=CMSPCM(%)=CMSP CM(%)=CM(%)= % c) Calculate the number of webcams the company needs to sell per month to break-even. xBE=xBE= webcams d) Calculate the break-even in dollars (round off to the nearest cent). TRBE=TRBE= $ e) Calculate the break-even as a percent of capacity (round off to the nearest percent). %
- The Company’s research department has provided the following estimates: A demand of 230 banquet attendees can be expected at a dinner plate price of $80 each. A demand of 370 banquet attendees can be expected at a dinner plate price of $45 each. Catering Service A has a fixed cost of $1,900 and a marginal cost of $30 for each plate. Catering Service B has a fixed cost of $3,000 and a marginal cost of $22 for each plate. Costs for both caterers include the food, drinks, plates, utensils, tablecloths, glasses, crew, and cleanup. Dinner plates will only be sold as an entire unit. To justify company resources and to ensure the event will benefit the charity, the CEO insists the tickets be sold for no less than $40. All profits will go toward a charity of the committee's choosing. Additional spontaneous donation to the charity will be accepted the night of the banquet. Studies estimate that 5% will give $5, 23% will give $20, 18% will give $50, 7% will give $100, and 2% will give $500.…Suppose that Evelyn’s utility function is given as: U(x,y) = xyEvelyn has an income of Php 100. For simplicity purposes, the prices of both goods are equal to one. Suppose that because of President Beybiem’s failed policy to control prices, the price of good x increases to Php 2.00. To do damage control of the failed policy, the Department of Social Welfare and Social work was tasked to calculate how much should the people, including Evelyn, be compensated. (Hint: Use Evelyn’s expenditure function E(p,U).A four wheel-drive vehicle is transporting an injured hiker to the hospital from a point that is 30km from the nearest point on a straight road. The hospital is 50km down that road from the nearest point. If the vehicle can drive at 30kph over the terrain and at 120kph on the road, how far down the road should the vehicle aim to reach the road and minimize the time it takes to reach the hospital? Make sure to justify that the answer is the minimum. Thanks!