Determine the total charge under each plan

Assignment Help Operation Management
Reference no: EM13746462

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $29. Plan A has a cost of $0.45 a minute for daytime calls and $0.29 a minute for evening calls. Plan B has a charge of $0.51 a minute for daytime calls and $0.17 a minute for evening calls. Plan C has a flat rate of $95 with 253 minutes of calls allowed per month and a charge of $.40 per minute beyond that, day or evening.

a. Determine the total charge under each plan for this case: 116 minutes of day calls and 40 minutes of evening calls in a month. (Round your answer to the nearest whole number. Omit the "tiny_mce_markerquot; sign in your response.)

Cost for Plan A   $
Cost for Plan B   $
Cost for Plan C   $

c. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round your answer to the nearest whole number.)

Plan A is optimal for zero to less than minutes. Plan C is optimal from minutes or more.

d. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of call minutes for daytime calls) would she be indifferent between plans A and B? (Round your answer to the nearest whole percent. Omit the "%" sign in your response.)

Point
percent daytime minutes

Reference no: EM13746462

Questions Cloud

What were the main issues in the various culture wars : What were the main issues in the various culture wars of the 1980s and 1990s? Why were those struggles so intense?
Provide a brief description of the status of the company : Provide a brief description of the status of the company that led to its determination that a change was necessary.
How does human migration change humanity : How does human migration change humanity? Discuss the expansion of humanity across the earth. WHat impact does this have not only on societies and the environments involved?
Shares of common stock outstanding : Assume the following: At the end of the year there were 92,623 shares of common stock outstanding and 5,000 shares of non-cumulative/non-participating 8% preferred stock outstanding. Nova wants to issue cash dividends totaling $77,050. Calculate h..
Determine the total charge under each plan : Determine the total charge under each plan for this case: 116 minutes of day calls and 40 minutes of evening calls in a month.
Write a paper that analyzes the role of religion : Write a paper that analyzes the role of religion, race, or gender in shaping the patterns of interaction among Amerindians, Africans, and Europeans in a specific area of the Atlantic World during the period of encounters.
Distinguishing properties of a public good : What are the two distinguishing properties of a public good? Explain each in one or two sentences. Give an example of a public good different from any of the examples in your text or my notes.
What is the present value of the profits : Your machine operator is becoming more productive, and generates additional profit each year. You expect to receive $20,000 in profit at the end of this year, but this will increase 5% a year for the next 10 years. If you have an 8% interest rate on ..
Why is marginal analysis important in economics : Why is marginal analysis important in economics? How do the tutorials Basics of Marginal Analysis and Understanding and Applying Marginal Analysis at the end of this week's lecture reinforce the concepts of marginal analysis? How can any firm find..

Reviews

Write a Review

Operation Management Questions & Answers

  Calculation of the total cost

ABC corporation found that its total indirect costs is $10 million per year.ABC employs 100 direct labor who work 40 hours per week over a 50 working weeks per year.

  Which serves both types of customers

which serves both types of customers and the service times follow exponential distribution with a mean of 10 minutes. if a type 2 arrives and the type 1 being served, what is the distribution of the waiting time for this time 2 customer?

  How many options should homer purchase from asm

At the start of the season, how much salt (in tons) should Homer have available in its storage sheds - how many options should Homer purchase from ASM?

  Drawing of a squirrel making the gesture

Old Oak Brewery, Inc., makes and sells alcholic beverages with labels that display a drawing of a squirrel making the gesture generally known as "giving the finger".

  Is it better to minimize the cost of the inventory

Is it better to minimize the cost of the inventory with a method like EOQ or to order only to meet demand? Why?

  The capability to rapidly and inexpensively switch

1 the ability to rapidly and inexpensively switch production from one product to another enables which of the

  Candidates perceptions of fairness in the selection proces

Discuss the role of the interview in candidates' perceptions of fairness in the selection process. What would you predict reactions to be if interviews were eliminated

  What is the objective function of the problem

Write down another constraint that guarantees for every barrel of jet fuel, at most three barrels of gasoline are produced.

  What is regular distribution

The time among arrivals of regular fliers is also exponentially distributed with a mean of 4 min. At the check in counter, travellers wait in a single line until one of the 5 agents is available to serve them. The check in time follows a regular d..

  Some argue that investing in emerging economies greatly

Some argue that investing in emerging economies greatly increases the economic development and standard of living at the base of the global economic pyramid.

  Do we have too many laws does the existence of so many laws

do we have too many laws? does the existence of so many laws and regulations hinder or help american business today.

  Write a two-and-a-half-page report describing various event

Write a two-and-a-half-page report describing various event categories and event-based transactions that are used by the network management systems to bring an alarm, event, or alert to the network manager's attention.

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