Computing expected production

Assignment Help Microeconomics
Reference no: EM1371671

The effective capacity and efficiency for next quarter at MMU Mfg. in Waco, Texas, for each of three departments are given below.

Department Effective Capacity Recent Efficiency

Deign 93,600 .95
Fabrication 156,000 1.03
Finishing 62,400 1.05

Compute the expected production for next quarter for each department.

Reference no: EM1371671

Questions Cloud

What are the two characteristics of public goods : What are the two characteristics of public goods and explain the significance of each for public provision as opposed to private provision. What is the free-rider problem as it relates to public goods?
Computing optimal size of production-inventory costs : Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production facility 300 days for each year. It has orders for about 12,000 flashing lights for each year and has the ability of prod..
Strategic management : Provide a brief overview of the organization and list the goals of that organization and describe how these goals meet the characteristics of effective goals that you learned about from your research and the text.
Question about forecasting models : What assumptions are common to all forecasting models? For each assumption, explain how the usefulness of forecasts would be affected if the assumption was not true.
Computing expected production : The effective capacity and efficiency for next quarter at MMU Mfg. in Waco, Texas, for each of three departments are given below. Compute the expected production for next quarter for each department.
Describe the dynamics between dominant cultures : Describe the dynamics between dominant cultures and subcultures either in a work setting or in society
Show important information about recession : From anything you may have seen, read or heard - what REGION or regions of the US have been the most affected by this recession?
Discuss relationships between production and cost : Discuss on relationships between production and cost, highlighting the equivalence between diminishing marginal productivity and increasing marginal costs.
Idiosyncratic deal that could negotiated in work place : Discuss an example of an idiosyncratic deal that could be negotiated in the work place and discuss an example of how the use of an agent in negotiation could be beneficial.

Reviews

Write a Review

Microeconomics Questions & Answers

  Example for increasing returns to scale

Give one business example for increasing returns to scale and decreasing returns to scale respectively. How does this characteristic affect its business strategies? Justify your arguments.

  Determining optimal markups and prices

You're the manager of monopoly that sells the product to two groups of consumers in different parts of country. Group 1's elasticity of demand is -2, while group 2's is -6. your marginal cost of producing the product is $10.

  Determine current profits

Why do you think firm 1's marginal cost is lower than firm 2's marginal cost? Determine the current profits of the the two firms. What would happen to each firm's current profits if firm 1 reduced its price to $6 while firm continued to charge $8?

  Isoquant-isocost diagram

Employ an isoquant and isocost diagram and words to show how firms will respond to the decrease in the wage rate. Be sure to identify the short run scale effect and the long run substitution effect.

  Intermediate products

What factors would cause a firm to decide to buy intermediate products needed for production of its final goods or services?

  Managerial economics-demand-supply and equilibrium

Assume that the demand and supply functions for good X are as follows: What is the equilibrium price and equilibrium quantity?

  Difference between monopoly and oligopoly

Describe the difference between a monopoly and an oligopoly, and a cartel and provide an example of the monopoly, an oligopoly, and a cartel and write down the welfare effects of monopolies and oligopolies.

  Monopoly-oligopoly-competition-innovation and profits

Among the 4 principal market structure models, monopoly and oligopoly offer best opportunities for the firm to earn economic profits in the long run. What are some strategies for firm which is earning economic profits to legally sustain them over ..

  Describe overhead cost discussion

Assume the following was overheard at the water cooler: "I think our medical device company should take advantage of economies of scale by increasing our output, thereby spreading out our overhead costs."

  Computing marginal revenue from advertising

The Smith's Company's marketing manager has determine that the price elasticity of demand for its product equals -2.2. According to the studies he has performed, the relationship between the amount spent by firm on advertising and its sales as fol..

  Determining minimum variable costs of cost function

At what output is AVC at minimum? If the market price of firm's output is $7 per unit, should the firm produce or shut down?

  Determining opportunity cost

Describe why it would cost Andre Agassi or Venus Williams more to leave professional tennis tour and open the tennis shop than it would for the coach of the univeristy tennis team to do so.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd