The Department of the Navy estimates that the learning rate for shipbuilding is 80%. Assuming the 80% rate applies to nuclear submarines, how long should it take to build the 12th vessel, if the first one took 62 months to complete?
Q: Table 4-3 #Units Produced 0 1 2 3 4 5 Use Table 4-3 200. 110. 70. Total Revenue 260. 0 600 780 What…
A: Total cost is the cost of producing all the units of good. Average cost is the cost of production…
Q: The graph below shows the supply and demand curves for soybeans at a time when the equilibrium price…
A: A price floor is a government-imposed or legally mandated minimum price that must be paid for a…
Q: Consider an imaginary price index, the Undergraduate Price Index (UPI), created to represent the…
A: Price index is a measure the change in cost of buying a goods basket relative to base year. Price…
Q: Assume a closed economy with a GDP (Y) of 6,000. Consumption (C) is given by the equation C = 600+…
A: Aggregate Demand: Aggregate demand in an economy is the sum of private consumption expenditure (C),…
Q: Draw & Label a Graph that shows relationship between Cups of Coffee & Half Cup of Milk per Cup of…
A: An indifference curve shows the various combinations of two goods that give the consumer equal…
Q: Suppose that the British economy produces two goods: laptops and books. The quantity produced and…
A: Two goods are produced by the British Economy which includes laptops and books. For 2015 and 2016,…
Q: Draw & Label a Graph that shows relationship between Cups of Coffee & Amount of Work Hours for the…
A: A direct relationship is when two things are related in such a way that if one of them increases,…
Q: Refer to the table below. If the price of radios is $55, there would be an Quantity Quantity…
A: Excess Demand is a situation in the market which occurs when the quantity demanded for a good or…
Q: The estimated demand function for avocados is Q = 160 – 40p, where p is price of avocados. The…
A: Microeconomic equilibrium arrangements investigate several person interactions and linkages, which…
Q: Which of the following is NOT an input to manufacturing planning and control system? O a. Standard…
A: Manufacturing planning and control system, often referred to as MPCS, is an integrated approach to…
Q: IS relation: LM relation: Y = C(Y−T) + I(Y,i −nº + x) + G i=ī The LM relation says the central bank…
A: Monetary policy refers to the management of a country's money supply and interest rates by its…
Q: A club is choosing 2 members to serve on a committee. The club has nominated 2 women and 3 men.…
A: A club is choosing 2 members to serve on a committee. The club has nominated 2 women and 3 men.…
Q: If there were 10 firms in this market, the short-run equilibrium price of ruthenium would be would…
A: Demand, or the desire for a commodity, is defined as a person's willingness to buy a specific…
Q: Consider an economy where the consumers buy widgets, cogs, and services. The CPI market basket…
A: The Consumer Price Index (CPI) is a index that measures the average change in prices paid by…
Q: Assuming the PPF is shifting from PPFo to PPFn, which of the following explains the cause or causes…
A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…
Q: 1) Consider the following variant of the prisoner's dilemma with altruistic preferences. For…
A: Game theory influences many elements of contemporary society, from pricing tactics and efficacy to…
Q: What economic problem is shown in the graph provided? a. Recession b. Inflation c. Economic…
A: Aggregate demand (AD) is the overall demand of goods and services by an economy in a period of time.…
Q: Consider the following Table representing the number of hours to make 1 unit of Soybeans and…
A: In this case, we have to discuss the term absolute advantage and comparative advantage of this…
Q: Suppose the money market for some hypothetical economy is given by the following graph, which plots…
A: Aggregate demand (AD) is a fundamental concept in macroeconomics that represents the total demand…
Q: A manufacturing plant has a potential production capacity of 1,000 units per month (capacity can be…
A: Total variable cost describes the cumulative expenses that vary with the level of production or…
Q: 7. You are a drug smuggler. Your profit depends on how many bales of marijuana (M) and blocks of…
A: The want satisfying power of the commodity is called utility. It is measured in Utils. The utility…
Q: FIGUREE 02 CMIGURE E INFIGURE 2 Ⓒ FIGURES SPOREA I FIGURE 2 W 02 FORCE Pe 52 FIGURE 甘 31 UE FIGURE…
A: In economics, complementary goods refers to two or more items that are consumed together by the…
Q: The following table provides local and national employment figures for three business sectors.…
A: Urban economics deals with the study of household, firms and their land use in an urban area that…
Q: Housing Prices Consider a 1,500 square foot house, which rents monthly for $0.75 per square foot.…
A: Given information, the-square-foot house, which rents monthly for $0.75 per square foot. Prevailing…
Q: The following graph input tool shows the daily demand for hotel rooms at the Oceans Hotel and Casino…
A: Demand FactorValueAverage American household income$50,000 per yearRoundtrip airfare from Pittsburgh…
Q: Pokhara, a monopolist in the market for winterised jackets, faces a unit mass of consumers with unit…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Exercise 3.1 List all the reduced pure strategies, then reduce the tree to strategic form. START I b…
A: The following game tree is given:
Q: aryan plans to offer the services for $45 per lesson, as (A) Write down the total cost as a…
A: Total cost(TC): refers to the total cost incurred by the industries in the production process. Costs…
Q: QUESTION 26 wine 90 80 70 60 50 40 30 20 10 PPF Portugal CPF 0 0 10 20 30 40 50 60 cloth wine 90 80…
A: PPF refers to the curve on a graph that shows the possible units that can be produced of 2 goods if…
Q: The United States GDP has been increasing over the decades but the share for workers of the GDP has…
A: GDP represents the total value of all goods and services produced over a specific time period within…
Q: Consider the following two cash flow series of payments: Series A is a geometric series increasing…
A: The present worth (PW) represents the current or present value of a series of future cash flows,…
Q: Find the point (p,q) Where elasticity = 1
A: Elasticity is defined as the responsiveness of the quantity demanded to the change in…
Q: A) Aaryan is given some market research about home tuition. In particular, the demand curve as a…
A: Profits are revenue minus the costs.Revenue is price times quantity. The revenue function provides…
Q: QUESTION 1 : The revised Budget is expected to focus on two thrusts, which are optimising government…
A: The reduction in EPF contribution will increase the disposable income of Malaysians, which will lead…
Q: If the 95 percent confidence interval for an estimated coefficient runs from 1.0 to 3.2, then there…
A: Estimation is used to derive estimates from a sample data set about the entire population. The…
Q: There are two countries Home and Foreign. Home has 2,400 units of labor available. It can produce…
A: Demand is the desire backed by a willingness to pay and the ability to pay by an individual. The…
Q: An economy's production possibilities frontier is fixed in the long run. True False
A: A Production Possibilities Frontier (PPF), also known as a Production Possibility Curve (PPC), is a…
Q: (dollars/16) 8=Ps 5 = P₁ 4= P₂ 0.1= P4 a b U.S. beef market T h lolo Q₁ Q₂ 113 120 125 (dollars/16)…
A: Producer surplus describes the situation where the producer is selling the product at a price, which…
Q: The real-balances effect refers to the effect that a change in interest rates has on the real value…
A: An interest rate is the cost of borrowing money or the return on investment for lending money over a…
Q: Generally speaking, manufacturers' supply sources, choices available to consumers, and competition…
A: Manufacturers' Supply Sources: This refers to the origins or locations from which manufacturers…
Q: Sarita can bake either a combination of 25 cakes and 15 pies or a combination of 10 cakes and 20…
A: Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…
Q: Suppose that the money supply grows at 5 percent. Suppose that real GDP or output grows at 7…
A: Suppose that the money supply grows at 5 percent. Suppose that real GDP or output grows at 7…
Q: Problem 1 Jane has the following utility function: u(w) w^.5 or the square root. function Which of…
A: Among the 3 payoff structures, that particular payoff structure would be chosen which would provide…
Q: Consider the following demand function for airline tickets (quantities are in thousands): Q 10-0.1px…
A: Cross elasticity of demand tells how much sensitive is quantity demanded to price change of other…
Q: Consider a consumer whose preferences are represented by u(x₁, x₂) = √x₂ + x1, and who has budget…
A: ***Since the student has posted a question with multiple subparts, the expert is required to solve…
Q: Choose a protest movement or event. Using Earl's categorization of the types of state repression,…
A: A protest is a public demonstration, often involving a group of individuals or organizations, aimed…
Q: The city council hired three college interns to measure public support for a large parks and…
A: The city council is trying to measure public support for a large parks and recreation initiative.The…
Q: Many middle-to-older-aged men now claim they "need" Viagra (the male impotency wonder drug) for an…
A: The demand for Viagra is inversely related to its price. This means that as the price of Viagra…
Q: Your company manufactures circuit boards and other electronic parts for various commercial products.…
A: Future net revenue discounted at a chosen arbitrary discount rate compounded monthly over the…
Q: PRICE (Dollars per unit) 350 225 175 50 Region Between X and Y Between W and X For each of the…
A: Price elasticity of demand shows the percentage change in quantity demanded due to a percentage…
Step by step
Solved in 3 steps
- ABCD Inc. is a shoe company, they have decided to build a new manufacturing facility because they have developed modern technology to help in the production of their sneakers. The new facility will be able to process up to 10,000 pairs of sneakers per year, but this year is only expected to produce 7,000 pairs. ABCD Inc.'s first facility uses the same technology and has processed 12,000 shoes per year with a full production capacity of 12,000. Draw the long run and short-run average cost curve for ABCD’s new facility and first facility and indicate where the MES is most likely to occur.Q5) A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that can be sold decreases. Numerically they estimate: P = $35.00 - 0.02Q where P =selling price per unit Q = quantity sold per year On the other hand, the management estimates that the average cost of manufacturing and selling the product will decrease as the quantity sold increases. They estimate C = $4.00Q + $8000 where C = cost to produce and sell Q per year The firm's management wishes to produce and sell the product at the rate that will maximize profit, that is, where income minus cost will be a maximum. What quantity should the decision makers plan to produce and sell each year?A construction company is considering two different investments. I sent the cash flows of these investments to you. Find the current net value of these two investments, assuming the desired rate of profit as 15%.
- Monthly sales of a particular personal computer are expected to decline at the following rate of S'(t) computers per month, where t is time in months and S(t) is the number of computers sold each month. S'(t)= -25t^(2/3) The company plans to stop manufacturing this computer when monthly sales reach 900 computers. If monthly sales now (t=0) are 2,100 computers, find S(t). How long will the company continue to manufacture this computer?Burlington Motor Carriers, a trucking company, is considering the installation of a two-way mobile satellite messaging service on its 2,000 trucks. From tests done last year on 120 trucks, the company found that satellite messaging could cut 60% of its $5 million bill for long-distance communications with truck drivers. More importantly, the drivers who used this system reduced the number of "deadhead" miles-those driven without paying loads-by 0.5%. Applying that improvement to all 230 million miles covered by the Burlington fleet each year would produce an extra $1.25 million in savings. Equipping all 2,000 trucks with the satellite hookup will require an investment of $8 million and the construction of a message-relaying system costing $2 million. The equipment and onboard devices will have a service life of eight years and negligible salvage value; they will be depreciated under the five-year MACRS class. Burlington's marginal tax rate is about 38%, and its required minimum…The Accuweather Corporation manufactures barometers and thermometers for weather forecasters. In an attempt to forecast its future needs for mercury, Accuweather's chief economist estimated average monthly mercury needs as: N = 500 + 10X where N = monthly mercury needs (units) and X = time period in months (January 2008= 0). The following monthly seasonal adjustment factors have been estimated using data from the past five years: Month Adjustment Factor January 15% April 10% July -20% September 5% December -10% (a) Forecast Accuweather's mercury needs for January, April, July, September, and December of 2010. (b) The following actual and forecast values of mercury needs in the month of November have been recorded: Year Actual Forecast 2008 456 480 2009 324 360 2007 240 240 Q 4. (B) Emco Company…
- A process plant making 5000 kg/day of a product selling for $1.75/kg has annual variable production cost of $2M at 100 % capacity and fixed costs of $700,000. What is the fixed cost per kg at the break even point ? If the selling price of the product is increased by 10%, what is the dollar increase in net profit at full capacity if the income tax rate is 35% of the gross earnings?A company that manufactures oximeters (devices that are placed on the fingers to measure the amount of oxygenation that a person is producing) has recently been stretched by high demand due to COVID-19. From that company, it is known that in the month of August 2020 a total of 10,000 oximeters were produced that qualified as conforming product, that the company was running a total of 25 days, Monday through Saturday, 9.5 hour shifts, of that time half an hour daily was for calibration and warm-up of the production machines and one hour daily was lunch for the workers. In addition, daily half-hour meetings are held to discuss the day's production. Because they are currently working under pressure due to high demand, there are no kanban waiting times. Determine the parts per hour of work that were produced during the month of August 2020.Suppose the cost of flying a 200-seat commercial airplane is as follows: Crew wages: 35617 AED Service of maintenance personnel and equipment: 16551 AED Cost of a passenger meal (provided complimentary to all passengers onboard): 45 AED Cost of issuing a boarding pass and luggage handling per passenger: 8 AED Just before departure, there are 10 empty seats. Just before departure, what is the minimum ticket price to allow one more passenger into the flight
- Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $13,000 the first year, $15,000 the second year, $18,000 the third year, -$8,000 the fourth year, $25,000 the fifth year, $31,000 the sixth year, $34,000 the seventh year, and -$6,000 the eighth year. The project would cost the firm $67,100. If the firm's cost of capital is 12%, what is the modified internal rate of return?At the beginning of the year, managers at King Industries estimated $420000 in manufacturing overhead, 20000 direct labor hours and 50000 machine hours. Actual manufacturing costs at the end of the year were $425000 in manufacturing overhead. During the year, 22000 direct labor hours and 47000 machine hours were incurred. If overhead is applied based on direct labor hours, what is the predetermined overhead rate for the coming year? $21.00 per direct labor hour $8.40 per direct labor hour $19.09 per direct labor hour $9.04 per direct labor hourThe cumulative learning curve coefficient CLCC(20, 0.8) is defined as follows:a. the cost to produce 20 units in a process with c(1) = 1 and a learning rate of 0.8.b. the cost to produce one unit in a process with c(1) = 20 and a learning rate of 0.8.c. the cost to produce one unit in a process with c(1) = 1 and a learning rate of 0.820.d. the cost to produce the 20th unit in a process with c(1) = 1 and a learning rateof 0.8.