Economics (Irwin Economics)
21st Edition
ISBN: 9781259723223
Author: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn Dr.
Publisher: McGraw-Hill Education
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Question
Chapter 19, Problem 4DQ
To determine
The impact of fixed cost in the decision-making process.
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Number of
Mean Raw Processing
Capacity (Jobs per Bottleneck? (Yes
day)
Station
Parallel Machines
Time
or No)
Installed
#1
5 hours
#2
15+0.5- 2 hours
#3
183 hours
What is the whole factory's capacity (aka. bottleneck rate) in "jobs per day?
O 144 jobs per day
12 jobs per day
O 13.11 jobs per day
O 48 jobs per day
Number of
Parallel Machines
Installed
Capacity (Jobs per Bottleneck? (Yes:
day)
Mean Raw Processing
Station
Time
or No)
#1
5 hours
4.
#2
1.5+0.5-2 hours
2
#3
1.83 hours
f demand rate is 9.6 jobs per day, what is the capacity utilization at the bottleneck?
O 38%
O SON
O 100%
O 40%
Suppose that you own a 10-acre plot of land that you would like to rent out to wheat farmers. For them, bringing in a harvest involves $30 per acre for seed, $80 per acre for fertilizer, and $70 per acre for equipment rentals and labor. With these inputs, the land will yield 40 bushels of wheat per acre. If the price at which wheat can be sold is $5 per bushel and if farmers want to earn a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 10 acres? What if the price of wheat rose to $6 per bushel?
(Butterworth) Mrs. Butterworth Maple Syrup budgets its marketing efforts using competitive parity.
Its current market share and share of voice are both 42%. With the release of a new cannabis-
Infused flavor, Mrs. Butterworth wants to get its market share even higher. If Mrs. Butterworth
wants to increase its market share to 48%, how many additional share of voice points do they need?
O 12
O75
O 10.5
Chapter 19 Solutions
Economics (Irwin Economics)
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