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A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who produced an average of 90 carts per hour. Workers receive $14 per hour, and machine cost was $40 per hour. With the new equipment, it was possible to transfer one of the workers to another department, and equipment cost increased by $12 per hour while output increased by 5 carts per hour. a. Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.) b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your answers to 2 decimal places.)
Machine's output is known to be approximately Normal with mean of 2.0 litter and standard deviation of 0.01 litter. Output is monitored using means of samples of 5observations. Determine upper and lower control limits that will include roughly 95...
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MI6's Q Branch is developing a new ultra dry martini. The martini is a mixture of vodka plus three liquid ingredients: A, B, and C. To ensure proper performance, the total amount of additive amount of A plus amount of B plus amount of C must be at le..
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Touring Enterprises, Inc., has a capital structure consisting of $18 million in long-term debt and $7 million in common equity. There is no preferred stock outstanding.
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