Suppose that the country has the following production options if all resources and the best productiontechnologies are employed:Option QRATABLE 1. Production Options along the PPFAQRAQcAQR AQc AQcAQRQcB1900200-100-0.5-2C5001700-200-0.66-1.5400-0.75|E1400900500-1F2000600-900-0.66all quantities are measured in kilogramsQR and Qc are the quantity of rice produced and the quantity of corn produced respectivelythe symbol "A" stands for the change in a variable

Answered: Image /qna-images/answer/6aa4db6d-b3e3-44a5-a72a-28f2eb92839a.jpg

Answered: Suppose that the country has the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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With the following information, find the total selling price of dry palay. Total Harvest = 5tons of palay , Initial moisture content = 18% Final moisture content = Storage MC to avoid spoilage and discoloration Cost of drying = PhP 20/50-kg cavan of dry palay , Price of wet palay = PhP 14.50/kg Price of dry palay = PhP 17.00/kg Please answer very soon will give rating surely Show your work
Metropolitan Hospital has estimated its average monthly bed needs asN = 1;000 + 9Xwhere X = time period (months); January 2002 = 0N = monthly bed needsAssume that no new hospital additions are expected in the area in the foreseeable future. The following monthly seasonal adjustment factors have been estimated, using data from the past five years:MONTH ADJUSTMENT FACTOR (%)January +5April −15July +4November −5December −25a. Forecast Metropolitan’s bed demand for January, April, July, November, and December 2007.b. If the following actual and forecast values for June bed demands have been recorded, what seasonal adjustment factor would you recommend be used in making future June forecasts?YEAR FORECAST ACTUAL2007 1,045 1,0962006 937…
7 uppose the Queensland Government is considering a project where COVID vaccinations can be provided to the general public within a popular shopping centre. The project is expected to last 5 years, with an initial investment cost of $7,500. The ongoing cost of the project is $1,400 in rent and 7 casual workers who administer vaccinations for 60 hours each, per year at a minimum wage of $15/per hour. The opportunity cost of labour in the area is 40% of the minimum wage. The Government is considering charging $6.50 per vaccination and is expected to administer 1,400 vaccinations per year from this program. It has also been determined that the program will provide an external community benefit of $550 per year. If the appropriate discount rate is 6.5%, determine the following: a The NPV of market b The NPV of Social CBA c The IRR of MArket
Suppose that you are trying to make a decision regarding the purchase of a new machine for the plant that you are working on. You have three criteria to consider. First of all, in these hard times, the price of the machine is very important for you. On the other hand, the throughput rate is also very important for you since you are anticipating higher demand in the future and you should have enough production to satisfy the customer demand. Finally, energy consumption is an issue that your company is sensitive to not only for the cost issues but also green production seems to be very important particularly for your customers. You have decided to adopt the additive utility function for the overall utility from these three criteria. Thus, the next thing for you is to determine the relative weights of the criteria. Suppose you used Swing Weighting and obtained the following table as the result of the process. What is the weight of the price?
Problem 6Cannes Croissants (not a real company) wishes to determine the optimum production quantity for its topselling product, almond croissants. The annual demandfor almond croissants is 12,000 units. The setup costs fora production run of the croissants is US$15. The holdingcost per unit per year is US$0.50. Production is mostefficient when 80 croissants are produced per day. Thecompany operates 300 days during a year.a What is the economic production quantity (EPQ)?b How many production runs will there by per year?c What is the maximum inventory level?d What is the total annual cost (in US dollars)?e What is the length of a production run in days?
A company that produces video equipment, including videocameras and televisions, is attempting to forecast what newproducts and product innovations might be technologicallyfeasible and that customers might demand 10 years into thefuture. Speculate on what type of qualitative methods itmight use to develop this type of forecast.
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…
This is a question from Sustainable Energy by Richard Dunlap (2nd edition): If world energy use increases linearly, use Figure 2.13 to estimate the annual percentage increase for OECD and non-OECD countries from 1990 to 2035 relative to the use in 1990. Here is some information about this figure: 1990 OECD 217 QBtu total 355 QBtu non-OECD 138 QBtu 2035 OECD 293 QBtu total 774 QBtu no-OECD 481 QBtu I also attached the figure: Do I find the overall percent increase and divide it by (2035 - 1990 ) or 45?
365 ht, Library, and ng Resources soft Teams ngs soft Teams s "Marble Madness" is a local carnival game, costing $2. There are 100 total marbles in a bag: 2 red, 8 orange, 10 yellow, 30 green, 30 blue, and 20 black. If a red marble is pulled, you win $6, an orange marble wins $4, and a yellow marble wins $2. A green, blue, and black marble result in a loss of the $2 cost to play. What is the expected value of a marble pull? Provide your answer below
Explain, Engineering Econ
Metters Cabinets, Inc., needs to choose a productionmethod for its new office shelf, the Maxistand. To help accomplishthis, the firm has gathered the following production cost data: PROCESS TYPE ANNUALIZEDFIXED COST OFPLANT & EQUIP. VARIABLE COSTS (PER UNIT) ($)LABOR MATERIAL ENERGY MassCustomization $1,260,000 30 18 12Intermittent $1,000,000 24 26 20Repetitive $1,625,000 28 15 12Continuous $1,960,000 25 15 10Metters Cabinets projects an annual demand of 24,000 units forthe Maxistand. The Maxistand will sell for $120 per unit. a) Which process type will maximize the annual profit from pro-ducing the Maxistand? b) What is the value of this annual profit?
Pizzaggio, where everyone lives along Via Cantonale, is 5 miles long. There are 2000 people uniformly spread along ViaCantonale, and every day they each buy a Pizza from one of the two stores located at either and of the street.Customers ride their motor scooters to and from the store. Travelling the whole town once back and forth costs acustomer 10 CHF. Customers buy their Pizza from the store offering at the lowest cost, which is the store’s price plus the customer’s travel expenses getting to and from the store. Customers’ valuation of a Pizza is 30 CHF. Ben owns the store at the west and of Via Cantonale and Will owns the store at the east end of Via Cantonale. The marginal cost of a Pizza is constant and equal to c1 = 6 CHF for Ben and equal to c2 = 3 CHF for Will. In addition, each of them incurs a fixed cost of 2500 CHF per day. a) Suppose that Ben and Wil compete in prices and set prices simultaneously (i.e. assume Bertrand competition).What prices will Ben and Will set? How…

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