n the design of a jet engine part, the designer has a choice of specifying either an aluminium alloy casting or a steel casting. Either material will provide equal service, but the aluminium casting will weigh 1.2 kg as compared with 1.35 kg for the steel casting. The aluminium can be cast for $. 80.00 per kg. and the steel one for $ 35.00 per kg. The cost of machining per unit is $. 150.00 for aluminium and $. 170.00 for steel. Every kilogram of excess weight is associated with a penalty of $. 1,300 due to increased fuel consumption. Cost of using aluminium metal for the jet

n the design of a jet engine part, the designer has a choice of specifying either an aluminium alloy casting or a steel casting. Either material will provide equal service, but the aluminium casting will weigh 1.2 kg as compared with 1.35 kg for the steel casting. The aluminium can be cast for $. 80.00 per kg. and the steel one for $ 35.00 per kg. The cost of machining per unit is $. 150.00 for aluminium and $. 170.00 for steel. Every kilogram of excess weight is associated with a penalty of $. 1,300 due to increased fuel consumption. Cost of using aluminium metal for the jet

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter4: Economic Evaluation In Health Care

Section: Chapter Questions

Problem 7QAP

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If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs of $2625 related to the production of the t-shirts, and the production cost perunit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers. The demand for its product is p = 15 − x/125 , its production cost per unit is US$5.00 i (i) Derive the total revenue function,R(x) for company B.(ii) Derive the profit function,Π(x) for company B.(ii) How many t-shirts must company B sell to in order to break-even.(iv) How many t-shirts must company B sell to maximise its profit.
A buyer placed an initial order with a supplier named Ronco that makes brake assenblies. The order was for 100 pieces at a per-unit price of $281. The buyer collected the following costs from Ronco: Direct Matevial Costs $100/mit Direct Labor Costs $50/unit (5 hours/unit at $10/hour labor rate Overhead Costs $75/anit Icalculated at 150% of direct labor) Total Costs of Goods Sold $225/unit Seller's Profit (25% of total $56 cost makup Total price per unit $281 At 200 units, what should the buyer erpect to pay for these units whon factoring in a 20 productivity ienprovenent deaning atai O Not enou Information avalable O 1250un O $266.75nic
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If company A manufactures t-shirts and sells them to retailers for US$9.80 each.It has fixed costs of $2625 related to the production of the t-shirts, and the production cost per unit is US$2.30. Company B also manufactures t-shirts and selll them directly to consumers.The demand for its product is p = 15-x/ 125, its production cost per unit is US$5.00 and its fixed cost are the same as for company A . How many t-shirts must company B sell to maximise its profit?
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1 Vehicle purchase. A student living in Lower Hutt is considering the purchase of a newvehicle. An electric vehicle (EV) can be purchased for $40,000 and has a running cost of $0.20per km. Alternatively, a (petrol) combustion vehicle (CV) can purchased for $25,000 and has arunning cost of $0.45 per km. The student is determined to make a decision which minimisesthe total cost depending on the number of kilometres that the vehicle will be used.(Here you should assume that the running costs also account for periodic costs such as mainte-nance, insurance, registration.)(a) Describe the decision and environment variables associated with this problem.(b) Determine the utility function R(D, X) which maps the outcomes to the total cost incurred.(c) Use a break-even analysis to determine the number of km for which the optimal decisiondiffers above and below this amount. Specifically, plot R(D, X), determine where thebreak-even point occurs and mark it clearly on your plot, then briefly…
A company estimates it will sell 5000 products in a year. I twould like to make some number N of equally spaced orders of size x units per order so that the total inventory cost (which includes prdering and storage) is minimized. a) If there is a 420 per order fixed cost plus a cost of $9 per unit ordered, and the storage cost per year is $10, find the number of orders and the numbers of units per order so that the goal of minimizing inventory costs is achieved. b) Suppose that the ordering cost doubles to $18 per unit ordered,and that no other chnage is made. Decide whether this should or should not change the solutuon that you foind in part (a), and justify your answer.
plz both parts within 30 40 mins I'll give you multiple upvote
plz solve both parts within 30-40 mins I'll give you multiple upvote
sarah earns 400 per week and spends 15% of her earning on tranpotation every week